debt
confidence high
sentiment neutral
materiality 0.50
Northern Trust issues $1B of 4.00% Senior Notes due 2027
NORTHERN TRUST CORP
- Issued $1,000,000,000 in 4.00% Senior Notes due May 10, 2027.
- Notes are unsecured and rank equally with existing senior debt.
- Interest payable semi-annually on May 10 and Nov 10, beginning Nov 10, 2022.
- Redeemable on or after April 10, 2027 at 100% of principal plus accrued interest.
- Offered under existing shelf registration (S-3) with prospectus supplement dated May 5, 2022.