Monitor State Street's future 10-Q and 10-K filings for changes in debt levels and interest expense; assess whether the use of proceeds aligns with previously disclosed capital allocation priorities.
Price Chart
Executive Summary
State Street Corporation issued $800 million of Fixed-to-Floating Rate Senior Notes due 2032 and $700 million of Fixed-to-Floating Rate Senior Notes due 2037 in a public offering, raising approximately $1.492 billion in net proceeds after underwriting discounts and expenses. The notes are unsecured senior obligations and will be used for general corporate purposes.
Key Facts
- State Street issued $800 million of Fixed-to-Floating Rate Senior Notes due 2032 with a fixed rate of 4.558% until 2031, then floating at SOFR + 0.914%.
- State Street issued $700 million of Fixed-to-Floating Rate Senior Notes due 2037 with a fixed rate of 5.094% until 2036, then floating at SOFR + 1.201%.
- The offering raised approximately $1.492 billion in net proceeds after underwriting discounts and estimated expenses.
- The notes are unsecured, unsubordinated obligations ranking pari passu with other senior unsecured debt.
- Proceeds will be used for general corporate purposes, including working capital and capital expenditures.
Financial Impact
Approximately $1.492 billion in net proceeds from the issuance of $1.5 billion in senior notes.
Risk Factors
- Increased interest expense if SOFR rises significantly during the floating rate periods.
- General corporate use of proceeds provides limited visibility into specific investments or returns.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-177253 |
| Document: d339097dex41.htm | 0001193125-26-177253 |
| Document: d339097dex42.htm | 0001193125-26-177253 |
| Document: d339097d8k.htm | 0001193125-26-177253 |
| Document: d339097dex51.htm | 0001193125-26-177253 |
| Document: 0001193125-26-177253-index-headers.html | 0001193125-26-177253 |
| Document: 0001193125-26-177253-index.html | 0001193125-26-177253 |
| Document: 0001193125-26-177253.txt | 0001193125-26-177253 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 8-K | $188.16 $184.40 | ▼ −2.00% | ▼ −2.10% | $176.24 (−6.34%) |
Aug 5, 2026 8w ago | 424B5 | $187.05 $190.11 | ▲ +1.64% | ▲ +1.29% | $176.24 (−5.78%) |
Jul 28, 2026 9w ago | Insider Cluster | $182.57 $183.67 | ▲ +0.60% | ▼ −1.67% | $176.24 (−3.47%) |
Jul 23, 2026 10w ago | Insider Cluster | $184.21 $182.82 | ▼ −0.75% | ▼ −1.23% | $176.24 (−4.33%) |
Jul 16, 2026 11w ago | 8-K | $185.66 $184.21 | ▼ −0.78% | ▲ +0.89% | $176.24 (−5.07%) |
Jun 15, 2026 15w ago | Insider Cluster | $171.29 $173.73 | ▲ +1.42% | ▲ +3.66% | $176.24 (+2.89%) |
May 28, 2026 18w ago | Insider Cluster | $155.42 $161.21 | ▲ +3.73% | ▲ +6.25% | $176.24 (+13.40%) |
Apr 24, 2026 22w ago | 8-K | $22.35 $22.16 | ▼ −0.87% | ▼ −1.27% | $176.24 (+688.55%) |
Apr 22, 2026 23w ago | Insider Cluster | $152.26 $151.88 | ▼ −0.25% | ▼ −0.30% | $176.24 (+15.75%) |
Apr 21, 2026 23w ago | 424B5 | $22.20 $22.35 | ▲ +0.68% | ▼ −0.41% | $176.24 (+693.87%) |
US Market Status
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