8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Mar 28, 2007)

Filed March 28, 2007For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This 8-K filing by Wells Fargo & Company (WFC) on March 28, 2007, announces the issuance of $3 billion in Medium-Term Notes, Series G, Senior Extendible Floating Rate Notes. These notes are a part of the company's ongoing debt financing activities and are registered under a previously filed Form S-3. The filing primarily serves to include the necessary legal documentation related to this debt issuance. Investors should note that this report does not contain new financial results or significant operational updates. Its main purpose is to disclose the specific terms and legal opinions surrounding a substantial debt offering. The extendible nature of the notes suggests flexibility in maturity for the company, while the floating rate mechanism ties the interest payments to market benchmarks. This is a routine disclosure for a large financial institution managing its capital structure.

Key Highlights

  • 1Wells Fargo & Company issued $3,000,000,000 in Medium-Term Notes, Series G.
  • 2The notes are Senior Extendible Floating Rate Notes.
  • 3The issuance is part of a Registration Statement on Form S-3 filed previously (File No. 333-135006).
  • 4The filing is a procedural disclosure to include the form of the note and legal opinions.
  • 5Legal opinions from Mary E. Schaffner, Esq. and Faegre & Benson LLP regarding the notes are filed as exhibits.
  • 6This filing does not contain new financial statements or earnings information.

Frequently Asked Questions

The primary purpose of this 8-K filing is to formally disclose and include as exhibits the documentation related to Wells Fargo's issuance of $3 billion in Medium-Term Notes, Series G, Senior Extendible Floating Rate Notes. This includes the form of the note itself and legal opinions confirming its validity.

'Senior' indicates that these notes rank high among the company's debt obligations. 'Extendible' suggests that the maturity date of the notes can be extended, offering flexibility to the issuer. 'Floating Rate' means the interest rate paid on the notes is not fixed but will fluctuate based on a benchmark interest rate, such as LIBOR.

No, this filing does not provide any new financial statements, results of operations, or significant business updates. It is purely a procedural filing to comply with disclosure requirements related to a specific debt issuance.

They are legal counsel providing opinions on the legality and validity of the Medium-Term Notes being issued. Their opinions and consents are included as exhibits to this filing.