debt
confidence high
sentiment neutral
materiality 0.50
Northern Trust issues $2B senior notes: $1B 5.300% due 2031, $1B 5.700% due 2036
NORTHERN TRUST CORP
- Priced $1,000,000,000 of 5.300% Senior Notes due November 10, 2031, and $1,000,000,000 of 5.700% Senior Notes due November 10, 2036.
- Interest payable semi-annually on May 10 and November 10, starting May 10, 2027; neither series is callable before maturity.
- Notes are unsecured senior obligations ranking equally with existing and future senior debt; issued under the May 8, 2017 indenture with BNY Mellon Trust as trustee.
- Underwriters led by BofA Securities, Citigroup, Goldman Sachs, Morgan Stanley and Siebert Williams Shank under a November 5, 2026 agreement; offering off the July 30, 2026 shelf.
- Proceeds use not specified in the filing; issuance closed November 10, 2026.