US Bancorp Files 8-K on Preferred Stock and Senior Notes
Ticker: USB-PQ · Form: 8-K · Filed: Jul 1, 2024 · CIK: 36104
Sentiment: neutral
Topics: debt, preferred-stock, filing
Related Tickers: USB
TL;DR
USB filed an 8-K on 6/28 detailing preferred stock and senior notes, including M4.009% notes due 2032.
AI Summary
On June 28, 2024, U.S. Bancorp (USB) filed an 8-K report detailing "Other Events" and "Financial Statements and Exhibits." The filing includes information related to various preferred stock series (A, B, K, L, M, O) and senior notes, specifically mentioning the M4.009% Fixed-to-Floating Rate Notes Series CC Senior Due May 21, 2032. The report was filed with the SEC on July 1, 2024.
Why It Matters
This filing provides an update on U.S. Bancorp's capital structure, specifically concerning its preferred stock and senior debt issuances, which can impact investor perception of financial health and risk.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of financial instruments and does not indicate any immediate adverse events.
Key Players & Entities
- US BANCORP \DE\ (company) — Filer
- M4.009PercentFixedToFloatingRateNotesSeriesCcSeniorDueMay212032Member (dollar_amount) — Specific Senior Note Series
- 20240628 (date) — Report Date
- 20240701 (date) — Filing Date
FAQ
What specific types of preferred stock are mentioned in the filing?
The filing mentions Series A, Series B, Series K, Series L, Series M, and Series O preferred stock.
What is the maturity date for the M4.009% Fixed-to-Floating Rate Notes Series CC Senior?
The M4.009% Fixed-to-Floating Rate Notes Series CC Senior are due May 21, 2032.
What is the filing date of this 8-K report?
The 8-K report was filed on July 1, 2024.
What is the period of report for this filing?
The conformed period of report is June 28, 2024.
What are the main items disclosed in this 8-K filing?
The filing primarily concerns 'Other Events' and 'Financial Statements and Exhibits', detailing various preferred stock and senior note issuances.
Filing Stats: 827 words · 3 min read · ~3 pages · Grade level 11.6 · Accepted 2024-06-28 18:45:02
Key Financial Figures
- $1.00 — ve Perpetual Preferred Stock, par value $1.00) USB PrA New York Stock Exchange
Filing Documents
- d683578d8k.htm (8-K) — 36KB
- d683578dex991.htm (EX-99.1) — 8KB
- g683578g0628034309435.jpg (GRAPHIC) — 4KB
- g683578g0628034309623.jpg (GRAPHIC) — 5KB
- g683578g0628034309806.jpg (GRAPHIC) — 3KB
- 0001193125-24-172486.txt ( ) — 261KB
- usb-20240628.xsd (EX-101.SCH) — 4KB
- usb-20240628_def.xml (EX-101.DEF) — 16KB
- usb-20240628_lab.xml (EX-101.LAB) — 27KB
- usb-20240628_pre.xml (EX-101.PRE) — 17KB
- d683578d8k_htm.xml (XML) — 14KB
Forward-Looking Statements
Forward-Looking Statements THE FOLLOWING INFORMATION APPEARS IN ACCORDANCE WITH THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: This current report contains forward-looking statements about the Company. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements and are based on the information available to, and assumptions and estimates made by, management as of the date hereof. These forward-looking statements cover, among other things, the Company's SCB requirement. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those set forth in forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements speak only as of the date hereof, and the Company undertakes no obligation to update them in light of new information or future events. Item9.01 Financial Statements and Exhibits. (d) Exhibits. 99.1 Press Release dated June 28, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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. U.S. BANCORP By: /s/James L. Chosy James L. Chosy Senior Executive Vice President and General Counsel Date: June 28, 2024