01—Abstract
Summary
Summary of the 8-K filed May 20, 2026. Cited figures are marked; the original filing is the authoritative source.
Wells Fargo & Company/MN (WFC) filed a Current Report on Form 8-K on May 20, 2026, primarily to disclose the issuance of new Medium-Term Notes.
This filing serves to register these debt securities under a previously filed Form S-3 Registration Statement. The company issued a total of $6 billiona in new debt across three tranches of Senior Redeemable Notes, Series Y.
These include $2.25 billionb in fixed-to-floating rate notes due May 20, 2029, $500 million in floating rate notes due May 20, 2029, and $3.25 billion in fixed-to-floating rate notes due May 20, 2032. This issuance signifies Wells Fargo's ongoing strategy to manage its capital structure and fund its operations through the debt markets.
02—Key points
Key Highlights
- Wells Fargo & Company/MN (WFC) announced the issuance of new Medium-Term Notes, Series Y, totaling $6 billion.
- The debt issuance comprises three separate tranches with varying maturities and interest rate structures.
- Two tranches mature on May 20, 2029, totaling $2.75 billion ($2.25 billion fixed-to-floating and $500 million floating rate).
- One tranche matures on May 20, 2032, for $3.25 billion in Senior Redeemable Fixed-to-Floating Rate Notes.
- The issuance is related to a previously filed Form S-3 Registration Statement (File No. 333-287868).
- The filing includes the forms of the issued Notes and the legal opinion from Faegre Drinker Biddle & Reath LLP.
- This action indicates Wells Fargo's continued access to and utilization of the debt capital markets.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The primary purpose of this 8-K filing is to publicly disclose and file the necessary documentation related to the issuance of new Medium-Term Notes, Series Y, by Wells Fargo & Company/MN.
How much debt did Wells Fargo issue in this announcement?
Wells Fargo issued a total of $6 billion in new debt through three different series of Medium-Term Notes.
What are the maturity dates and amounts for the new notes?
The new notes consist of $2.25 billion Senior Redeemable Fixed-to-Floating Rate Notes due May 20, 2029; $500 million Senior Redeemable Floating Rate Notes due May 20, 2029; and $3.25 billion Senior Redeemable Fixed-to-Floating Rate Notes due May 20, 2032.
What does 'Fixed-to-Floating Rate' mean for these notes?
'Fixed-to-Floating Rate' typically means that the notes initially pay a fixed interest rate for a certain period, after which they convert to a floating interest rate, usually tied to a benchmark rate like SOFR or LIBOR.
04—Continue