Summary
Wells Fargo & Company (WFC) filed an 8-K on September 30, 2011, to report the issuance of new Medium-Term Notes, Series K. These notes consist of two tranches: Step-Up Callable Notes due September 30, 2023, and Notes Linked to 3 Month LIBOR due September 30, 2016. The filing's primary purpose is to furnish the relevant documentation, including the forms of the notes themselves, and legal opinions from Faegre & Benson LLP and Sullivan & Cromwell LLP regarding the issuance.
Key Highlights
- 1Wells Fargo issued new Medium-Term Notes, Series K, on September 30, 2011.
- 2The issuance includes Step-Up Callable Notes maturing in September 2023.
- 3The issuance also includes Notes Linked to 3 Month LIBOR maturing in September 2016.
- 4This 8-K filing serves to provide the legal and structural documentation for these debt issuances.
- 5Key exhibits include the forms of the Notes and legal opinions from external counsel.
- 6Faegre & Benson LLP provided an opinion regarding the Notes.
- 7Sullivan & Cromwell LLP provided a special tax counsel opinion regarding the Notes.
Frequently Asked Questions
The main purpose of this 8-K filing is to report the issuance of Wells Fargo's new Medium-Term Notes, Series K, and to provide the associated legal and contractual documentation, including the forms of the notes and legal opinions from counsel.
Wells Fargo issued two types of Medium-Term Notes, Series K: Step-Up Callable Notes due September 30, 2023, and Notes Linked to 3 Month LIBOR due September 30, 2016.
Legal opinions were provided by Faegre & Benson LLP (general opinion) and Sullivan & Cromwell LLP (special tax counsel opinion).
This specific 8-K filing focuses on the documentation and legal aspects of the note issuance. Detailed terms, interest rates, or pricing are typically found in the exhibits (the forms of the notes) or were likely disclosed in a preceding registration statement (Form S-3 mentioned in the filing).