Financing ·
State Street Corporation filed Articles of Amendment to fix the designations and rights of its Fixed Rate Reset…
STT-PGState Street Corp
State Street Corporation filed Articles of Amendment to fix the designations and rights of its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L. The company entered into an underwriting agreement with Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC for a public offering of 500,000 depositary shares, each representing a 1/100th ownership interest in one share of the Series L preferred stock. The offering was priced at $1,000 per depositary share, with net proceeds expected to be approximately $495.7 million after deducting underwriting discounts and expenses. State Street Corporation operates in the financial services industry, providing investment servicing, performance measurement, and investment management solutions.