State Street Prices Offering of Senior Notes
March 02 2011 - 7:13PM
Business Wire
State Street Corporation (NYSE: STT) today announced the pricing
of a public offering of:
- $250 million principal amount of
floating rate senior notes due 2014 at an offering price of
100.000% of the principal amount;
- $1 billion principal amount of 2.875%
senior notes due 2016 at an offering price of 99.585% of the
principal amount; and
- $750 million principal amount of 4.375%
senior notes due 2021 at an offering price of 99.655% of the
principal amount.
The offering is being conducted pursuant to an effective
registration statement under the Securities Act of 1933.
State Street estimates that the net proceeds from the offering
will be approximately $1.985 billion, after deducting estimated
expenses and underwriting discounts and commissions. State Street
intends to use the net proceeds for general corporate purposes.
Morgan Stanley and BofA Merrill Lynch are acting as joint
book-running managers for the offering. Barclays Capital, Credit
Suisse and Lloyds Securities Inc. are acting as co-managers.
Siebert Capital Markets and The Williams Capital Group, L.P. are
acting as junior co-managers.
State Street has filed a registration statement (including a
prospectus) with the Securities and Exchange Commission for the
offering to which this communication relates. Prospective investors
should read the prospectus in the registration statement (and the
supplement thereto) and other documents State Street has filed with
the SEC for more complete information about State Street and this
offering. These documents can be accessed at no charge by visiting
EDGAR on the SEC web site at www.sec.gov. Alternatively, State
Street, the underwriters or any dealer participating in this
offering will arrange to send you the prospectus upon request by
contacting Morgan Stanley at 1-866-718-1649, Morgan Stanley &
Co. Incorporated, 180 Varick Street, New York, New York 10014,
Attention: Prospectus Department: e-mail:
prospectus@morganstanley.com, or BofA Merrill Lynch at
1-800-294-1322, Merrill Lynch, Pierce, Fenner & Smith
Incorporated, 100 West 33rd Street, New York, NY 10001; email:
dg.prospectus_requests@baml.com.
This press release shall not constitute an offer to sell or
solicitation of an offer to buy, nor shall there be any sale of,
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
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