secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN TRUST CORP (NTRS)
CIK:        0000073124
Form:       8-K
Filed at:   2025-11-19T23:59:59+00:00
Accession:  0001193125-25-288182
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northern Trust issues $1.25B in senior and subordinated notes
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- Issued $500M 4.150% Senior Notes due 2030; unsecured, senior ranking.
- Issued $750M 5.117% Fixed-to-Fixed Rate Subordinated Notes due 2040.
- Subordinated notes: 5.117% fixed to Nov 2035, then reset to 5yr UST +105bps.
- Underwriters: BofA, Citi, JPMorgan, Siebert Williams Shank; shelf registration used.
- Proceeds for general corporate purposes; no material change to existing debt profile.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73124/000119312525288182/0001193125-25-288182-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73124/000119312525288182/d830310d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-288182

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer