WilmerHale Advises State Street Corporation on $750 Million Preferred Stock Offering

WilmerHale Advises State Street Corporation on $750 Million Preferred Stock Offering

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On February 6, 2025, State Street Corporation announced the closing of its public offering of 750,000 depositary shares, each representing a 1/100th ownership interest in a share of its 6.450% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K, without par value per share, with a liquidation preference of $100,000 per share. The offering priced on January 30, 2025 and closed on February 6, 2025. BofA Securities, Inc. and Morgan Stanley & 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 Samuel Goldsmith (Capital Markets), with assistance from Meghan Walsh and Benjamin Kelsey (Tax). 

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