other material
confidence high
sentiment neutral
materiality 0.15
U.S. Bancorp re-designates covered debt under replacement capital covenants effective June 1, 2024
US BANCORP DE
- 7.50% Subordinated Debentures due 2026 cease as covered debt under Replacement Capital Covenants.
- 2.491% Fixed Rate Reset Subordinated Notes due 2036 become new covered debt effective June 1, 2024.
- Replacement Capital Covenants relate to USB Capital IX trust preferred, Series B Preferred, and USB Realty Corp. preferred.