Summary
Wells Fargo & Company (WFC) filed an 8-K on July 3, 2018, primarily to disclose the issuance of new Medium-Term Notes, Series T. These notes are structured in two tranches: one linked to the 3-Month LIBOR rate with a maturity in January 2022, and another linked to the 10-Year Constant Maturity Swap Rate with a maturity in July 2028. The filing includes the forms of these notes and the legal opinion from Faegre Baker Daniels LLP regarding their issuance, as part of a Registration Statement on Form S-3.
Key Highlights
- 1Wells Fargo issued new Medium-Term Notes, Series T, on July 2, 2018.
- 2The issuance consists of two distinct tranches of notes.
- 3One tranche is linked to the 3-Month LIBOR interest rate and matures on January 3, 2022.
- 4The second tranche is linked to the 10-Year Constant Maturity Swap Rate and matures on July 3, 2028.
- 5The 8-K filing serves to officially record these notes and related legal documentation with the SEC.
- 6The filing includes the form of each note and a legal opinion from Faegre Baker Daniels LLP.
- 7These issuances are related to a previously filed Registration Statement on Form S-3.