WilmerHale Advises State Street Corporation on $850 Million Preferred Stock Offering

WilmerHale Advises State Street Corporation on $850 Million Preferred Stock Offering

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On July 24, 2024, State Street Corporation announced the closing of its public offering of 850,000 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 J, without par value per share, with a liquidation preference of $100,000 per share. The offering priced on July 17, 2024 and closed on July 24, 2024. Goldman Sachs & Co. LLC and UBS Securities 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, Meghan McDuff and Arpi Youssoufian (Capital Markets), with assistance from Benjamin Kelsey (Tax).

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