WilmerHale Advises State Street Corporation on $1.5 Billion Preferred Stock Offering

WilmerHale Advises State Street Corporation on $1.5 Billion Preferred Stock Offering

Client News

Related Solutions

Leveraging our sophisticated technical, market and legal experience to help clients effectively and efficiently manage complex transactions and get the deal done.
WilmerHale has played a leading role in shaping the rules that govern the US financial services industry.

On January 31, 2024, State Street Corporation announced the closing of its public offering of 1,500,000 depositary shares, each representing a 1/100th ownership interest in a share of its 6.700% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I, without par value per share, with a liquidation preference of $100,000 per share. The offering priced on January 24, 2024 and closed on January 31, 2024. BofA Securities, Inc., Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC acted as representatives of the underwriters for the offering. 

The WilmerHale team advising State Street Corporation on the offering consisted of Molly Fox, Andrew Langworthy, Katharine Patterson and Meghan McDuff (Capital Markets), with assistance from Benjamin Kelsey (Tax).

Notice

We appreciate your interest in WilmerHale. While we are pleased to have you contact us, please keep in mind that merely contacting WilmerHale does not create an attorney-client relationship. Such a relationship will not arise until the Firm agrees in writing to represent you in connection with a particular matter. Importantly, unless and until this has occurred, you should not provide us with any confidential information, and we have no duty to keep confidential any information that we may receive from you. Thank you for your understanding.

I Accept Cancel