U.S. Bancorp Files 8-K on Preferred Stock and Notes
Ticker: USB-PQ · Form: 8-K · Filed: Sep 12, 2024 · CIK: 36104
Sentiment: neutral
Topics: debt-issuance, preferred-stock, filing
Related Tickers: USB
TL;DR
US BancORP filed an 8-K detailing preferred stock and debt, including Series CC notes.
AI Summary
On September 12, 2024, U.S. Bancorp \"DE\" filed an 8-K to report on "Other Events" and "Financial Statements and Exhibits." The filing includes details about various preferred stock series and senior floating rate notes, specifically mentioning Series CC Senior Floating Rate Notes due May 21, 2032.
Why It Matters
This filing provides investors with updated information regarding U.S. Bancorp's capital structure, including details on preferred stock and debt issuances.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of financial instruments and does not indicate any immediate operational or financial distress.
Key Players & Entities
- U.S. Bancorp \DE\ (company) — Filer
- Series A Non-Cumulative Perpetual Preferred Stock (company) — Financial Instrument
- Series CC Senior Floating Rate Notes (company) — Financial Instrument
- May 21, 2032 (date) — Maturity Date
FAQ
What is the purpose of this 8-K filing for U.S. Bancorp?
The 8-K filing is for "Other Events" and "Financial Statements and Exhibits," providing updates on the company's financial instruments.
What specific financial instruments are mentioned in the filing?
The filing mentions Depositary Shares representing interests in Series A Preferred Stock, and Series CC Senior Floating Rate Notes.
When are the Series CC Senior Floating Rate Notes due?
The Series CC Senior Floating Rate Notes are due on May 21, 2032.
What is the par value of the Series A Preferred Stock?
The par value of the Series A Preferred Stock is $1.00 per share.
What is the filing date of this 8-K?
This 8-K filing was made on September 12, 2024.
Filing Stats: 673 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-09-12 06:01:57
Key Financial Figures
- $1.00 — ve Perpetual Preferred Stock, par value $1.00) USB PrA New York Stock Exchange
- $5 billion — repurchase program to repurchase up to $5 billion of the Company's outstanding common sto
- $0.50 — ividend on U.S. Bancorp common stock to $0.50 per common share for the dividend payab
Filing Documents
- d874914d8k.htm (8-K) — 36KB
- d874914dex991.htm (EX-99.1) — 19KB
- g874914g0911080750242.jpg (GRAPHIC) — 4KB
- g874914g0911080750572.jpg (GRAPHIC) — 3KB
- 0001193125-24-217446.txt ( ) — 264KB
- usb-20240912.xsd (EX-101.SCH) — 4KB
- usb-20240912_def.xml (EX-101.DEF) — 15KB
- usb-20240912_lab.xml (EX-101.LAB) — 27KB
- usb-20240912_pre.xml (EX-101.PRE) — 16KB
- d874914d8k_htm.xml (XML) — 15KB
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: September 12, 2024 3