The transaction documentation is sourced from an SEC EDGAR filing of unknown form type, published on May 14, 2026. The deal currently holds a pending regulatory status, indicating that it has not yet reached completion or closing but remains in process through the regulatory approval phase.
The financial advisory team on the issuer side is composed of three joint book-running managers and two co-managers. U.S. Bancorp Investments, Inc., J.P. Morgan Securities LLC, and RBC Capital Markets, LLC are acting jointly as the lead book-running managers of the offering. CastleOak Securities, L.P. and Drexel Hamilton are serving as co-managers in the transaction.
Willkie Farr & Gallagher LLP is serving as counsel to the issuer in connection with this offering.
The offering consists of subordinated notes with a total disclosed size of $1,250,000,000. Beyond this disclosed principal amount, the specific terms of the notes are not included in the source material. Key structural details that remain undisclosed include the tenor or maturity date of the notes, the coupon or interest rate that will be paid to investors, the detailed use of proceeds, the pricing of the offering, any pricing date or expected closing timeline, and whether this is a fixed-rate or floating-rate subordinated debt issuance.