WilmerHale Advises State Street Bank and Trust Company on $2.25 Billion Exempt Notes Offering

WilmerHale Advises State Street Bank and Trust Company on $2.25 Billion Exempt Notes Offering

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On November 25, State Street Corporation announced that its direct, wholly-owned subsidiary, State Street Bank and Trust Company, issued $300 million aggregate principal amount of Floating Rate Senior Notes due 2026, $1.15 billion aggregate principal amount of 4.594% Senior Notes due 2026 and $800 million aggregate principal amount of 4.782% Senior Notes due 2029, in a public offering exempt from registration under Section 3(a)(2) of the Securities Act of 1933, as amended. The offering priced on November 20, 2024 and closed on November 25, 2024. Morgan Stanley & Co. LLC, Academy Securities, Inc., Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC acted as representatives of the initial purchasers for the offering. 

The WilmerHale team advising State Street Bank and Trust Company and State Street Corporation on the offering consisted of Molly Fox, Andrew Langworthy, Katharine Patterson, Meghan McDuff and Arpi Youssoufian (Capital Markets), with assistance from Julie Hogan-Rodgers and Benjamin Kelsey (Tax).

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