8-KExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Oct 31, 2018)

Filed October 31, 2018For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

This 8-K filing from Wells Fargo & Company/MN (WFC) pertains to the issuance of new debt by its subsidiary, Wells Fargo Finance LLC. Specifically, it details the issuance of Medium-Term Notes, Series A, due October 30, 2028. These notes are backed by a full and unconditional guarantee from the parent company, Wells Fargo & Company. Investors should note that this filing primarily serves to make the official documentation for this debt issuance publicly available, including the form of the notes and the legal opinion provided by Faegre Baker Daniels LLP. This is a standard procedure for debt offerings and does not represent a significant change in the company's financial operations or strategic direction as of this filing date. The focus is on the legal and structural aspects of the new debt.

Key Highlights

  • 1Wells Fargo Finance LLC issued new Medium-Term Notes, Series A, due October 30, 2028.
  • 2The new notes are fully and unconditionally guaranteed by Wells Fargo & Company.
  • 3The filing includes the form of the Medium-Term Notes.
  • 4An opinion from Faegre Baker Daniels LLP regarding the notes and guarantee is included.
  • 5This 8-K serves to provide the official documentation for the debt issuance.
  • 6The filing is in connection with a previously filed Registration Statement on Form S-3.

Frequently Asked Questions

The primary purpose of this filing is to officially register and make publicly available the documentation related to the issuance of new debt by Wells Fargo Finance LLC, a subsidiary of Wells Fargo & Company. This includes the form of the notes and a legal opinion.

The Medium-Term Notes, Series A, are due on October 30, 2028.

The notes are fully and unconditionally guaranteed by Wells Fargo & Company, the parent entity.

No, this filing is a routine disclosure for a debt issuance and does not indicate a change in the company's overall financial strategy or operations. It pertains to the standard process of raising capital through debt markets.