Summary
This Form 8-K filing by Wells Fargo & Company (WFC) on August 30, 2016, primarily serves to report the issuance of new debt securities. Specifically, the company has issued Medium-Term Notes, Series K, which are linked to the 3-Month LIBOR rate and mature on August 30, 2023. The filing includes the official form of these notes as an exhibit, along with a legal opinion from Faegre Baker Daniels LLP concerning the validity and enforceability of these notes, and their consent.
Key Highlights
- 1Wells Fargo & Company issued new debt securities: Medium-Term Notes, Series K.
- 2These notes are linked to the 3-Month LIBOR interest rate.
- 3The maturity date for these notes is August 30, 2023.
- 4The filing includes the specific form of the Medium-Term Notes, Series K, as an exhibit.
- 5A legal opinion from Faegre Baker Daniels LLP regarding the notes is provided.
- 6The filing is related to a previously filed Registration Statement on Form S-3.
Frequently Asked Questions
The primary purpose of this 8-K filing is to officially report the issuance of new debt securities by Wells Fargo & Company, specifically the Medium-Term Notes, Series K, and to provide associated legal documentation.
The notes are Medium-Term Notes, Series K, with a maturity date of August 30, 2023. Their interest rate is tied to the 3-Month LIBOR.
The legal opinion from Faegre Baker Daniels LLP is included to provide assurance to investors and regulatory bodies regarding the legal validity and enforceability of the newly issued Medium-Term Notes.
Yes, this filing is connected to a Registration Statement on Form S-3 (File No. 333-202840) previously filed by Wells Fargo & Company.