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WELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Apr 22, 2024)

Reports
Exhibits & Filings
Filing Date
Filed April 22, 2024
Period End
April 22, 2024
In the record · 2016–202610-K410-Q128-K584

WFC filed 4 annual reports (10-K), 12 quarterly reports (10-Q) and 584 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Apr ’17Apr ’17
  2. Leadership change8-K · Apr ’19Apr ’19

01—Abstract

Summary

Summary of the 8-K filed April 22, 2024. Cited figures are marked; the original filing is the authoritative source.

Wells Fargo & Company (WFC) filed a Current Report on Form 8-K on April 22, 2024, to report the issuance of new debt securities.

Specifically, the company issued two tranches of Medium-Term Notes, Series W, with a total aggregate principal amount of $4.25 billiona. The first tranche consists of $3.25 billion in Senior Redeemable Fixed-to-Floating Rate Notes due April 22, 2028.

The second tranche is $1 billionb in Senior Redeemable Floating Rate Notes, also due April 22, 2028. This filing primarily serves to provide the necessary documentation, including the forms of these notes and the legal opinion from Faegre Drinker Biddle & Reath LLP, in connection with a previously filed Registration Statement on Form S-3.

02—Key points

Key Highlights

  1. Wells Fargo issued $4.25 billion in new debt.
  2. The debt is comprised of two tranches of Medium-Term Notes, Series W.
  3. The notes have a maturity date of April 22, 2028.
  4. One tranche is a Fixed-to-Floating Rate Note ($3.25 billion).
  5. The other tranche is a Floating Rate Note ($1 billion).
  6. The filing includes the forms of the notes and a legal opinion from Faegre Drinker Biddle & Reath LLP.
  7. This issuance is related to a prior Registration Statement on Form S-3.

03—Questions

Frequently Asked Questions

  1. What is the total amount of new debt issued by Wells Fargo?

    Wells Fargo issued a total of $4.25 billion in new debt through two tranches of Medium-Term Notes, Series W.

  2. When do these new notes mature?

    Both tranches of the Medium-Term Notes, Series W, mature on April 22, 2028.

  3. What is the purpose of this 8-K filing?

    This 8-K filing is primarily to provide the official documentation, including the forms of the issued notes and the legal opinion from Faegre Drinker Biddle & Reath LLP, in connection with the debt issuance, supporting a previously filed Registration Statement on Form S-3.

  4. What are the different types of notes issued?

    Wells Fargo issued two types of notes: $3.25 billion in Senior Redeemable Fixed-to-Floating Rate Notes and $1 billion in Senior Redeemable Floating Rate Notes.

04—Continue

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