Current Report Filing (8-k)
March 27 2020 - 6:03AM
Edgar (US Regulatory)
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2020-03-26
2020-03-26
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2020-03-26
2020-03-26
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stt:SeriesGPreferredStockDepositoryShareMember
2020-03-26
2020-03-26
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2020-03-26
2020-03-26
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 26, 2020
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State Street Corporation
(Exact name of registrant as specified in its charter)
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Massachusetts
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001-07511
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04-2456637
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification Number)
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One Lincoln Street
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Boston
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Massachusetts
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02111
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(Address of principal executive offices, and Zip Code)
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Registrant’s telephone number, including area code:
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(617)
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786-3000
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________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common stock, $1 par value per share
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STT
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New York Stock Exchange
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Depositary Shares, each representing a 1/4,000th ownership interest in a share of
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STT.PRD
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New York Stock Exchange
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Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, without par value per share
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Depositary Shares, each representing a 1/4,000th ownership interest in a share of
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STT.PRG
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New York Stock Exchange
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Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series G, without par value per share
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Emerging growth company
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☐
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01. Other Events.
On March 26, 2020, State Street Corporation (the “Company”) issued a press release announcing that it has priced a private offering of $750 million aggregate principal amount of 2.825% Fixed-to-Floating Rate Senior Notes due 2023, $500 million aggregate principal amount of 2.901% Fixed-to-Floating Rate Senior Notes due 2026 and $500 million aggregate principal amount of 3.152% of Fixed-to-Floating Rate Senior Notes due 2031. The notes will only be sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and outside the United States pursuant to Regulation S under the Securities Act. The offering is expected to close on March 30, 2020, subject to satisfaction of customary closing conditions.
The Company estimates that the net proceeds of the offering will be approximately $1.74 billion, after deducting the initial purchasers’ discounts and commissions and estimated offering expenses payable by the Company.
A copy of the press release announcing the pricing of the offering is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No.
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Exhibit Description
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*
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104
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Cover Page Interactive Data File (formatted as Inline XBRL)
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*
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Submitted electronically herewith
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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STATE STREET CORPORATION
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By:
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/s/ ELIZABETH M. SCHAEFER
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Name:
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Elizabeth M. Schaefer
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Title:
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Senior Vice President and Deputy Controller
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Date:
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March 27, 2020
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