U.S. Bancorp Files 8-K on Capital Transactions
Ticker: USB-PQ · Form: 8-K · Filed: Sep 20, 2024 · CIK: 36104
Sentiment: neutral
Topics: capital-markets, debt-issuance, preferred-stock
Related Tickers: USB
TL;DR
USB filed an 8-K for preferred stock and debt issuances. Capital management in play.
AI Summary
On September 19, 2024, U.S. Bancorp \DE\ filed an 8-K report detailing various preferred stock issuances and a senior floating rate note issuance. These actions are part of the company's ongoing capital management strategies.
Why It Matters
This filing indicates U.S. Bancorp is actively managing its capital structure through the issuance of preferred stock and debt, which can impact its financial leverage and liquidity.
Risk Assessment
Risk Level: low — The filing reports routine capital raising activities and does not indicate any immediate financial distress or significant new risks.
Key Players & Entities
- U.S. Bancorp \DE\ (company) — Filer
- 0000036104 (company) — Central Index Key
- 2024-09-19 (date) — Report Date
FAQ
What specific types of preferred stock were issued by U.S. Bancorp?
U.S. Bancorp issued Series A, Series B, Series K, Series L, Series M, Series O Preferred Stock, and Series CC Senior Floating Rate and Series CC Senior Fixed-to-Floating Rate notes.
What is the Central Index Key for U.S. Bancorp?
The Central Index Key for U.S. Bancorp is 0000036104.
On what date was this 8-K filing made?
The 8-K filing was made on September 20, 2024.
What is the fiscal year end for U.S. Bancorp?
The fiscal year end for U.S. Bancorp is December 31.
What is the business address of U.S. Bancorp?
The business address of U.S. Bancorp is 800 Nicollet Mall, Minneapolis, MN 55402-7020.
Filing Stats: 720 words · 3 min read · ~2 pages · Grade level 10.6 · Accepted 2024-09-20 08:31:59
Key Financial Figures
- $1.00 — ve Perpetual Preferred Stock, par value $1.00) USB PrA New York Stock Exchange
- $10,000,000 — Bancorp (the "Company") agreed to issue $10,000,000 of its Senior Medium-Term Notes, Series
Filing Documents
- d805519d8k.htm (8-K) — 36KB
- d805519dex51.htm (EX-5.1) — 19KB
- g805519g10m17.jpg (GRAPHIC) — 5KB
- 0001193125-24-222476.txt ( ) — 260KB
- usb-20240919.xsd (EX-101.SCH) — 4KB
- usb-20240919_def.xml (EX-101.DEF) — 16KB
- usb-20240919_lab.xml (EX-101.LAB) — 27KB
- usb-20240919_pre.xml (EX-101.PRE) — 17KB
- d805519d8k_htm.xml (XML) — 14KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 5.1 Opinion of Willkie, Farr & Gallagher LLP 23.1 Consent of Willkie, Farr & Gallagher LLP (included in Exhibit 5.1) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). - 2 -
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 20, 2024 - 3 -