Wells Fargo gives results of tender offer for two series of notes

By Rebecca Melvin

New York, Jan. 26 – Wells Fargo & Co. subsidiary Wells Fargo Securities, LLC announced final results of its tender of any and all of its $750 million outstanding 5.375% notes due Feb. 7, 2035 (Cusip: 949746JM4) and its $646,885,000 5.95% capital efficient notes due 2086 with a scheduled maturity of Dec. 15, 2036 (Cusip: 949746NL1), according to a news release.

As of the offer’s expiration, the company had accepted for purchase $440.68 million principal amount of securities validly tendered and not validly withdrawn. That amount included $279,968,000 of the 5 3/8% notes and $160,712,000 of the 5.95% notes.

An additional $135,000 principal amount of securities remain subject to guaranteed delivery procedures.

The company will pay $615,695,403 excluding accrued and unpaid interest for the securities accepted for purchase, excluding those subject to guaranteed delivery procedures.

Settlement was expected on Jan. 26 for notes tendered by their holders and Jan. 28 for notes tendered by guaranteed delivery.

D.F. King & Co., Inc. (212 269-5550, 877 283-0318, wfc@dfking.com, www.dfking.com/wfc) is serving as the tender agent and information agent.

The offeror is Wells Fargo Securities (866 309-6316, 704 410-4759, liabilitymanagement@wellsfargo.com).

The financial services company is based in San Francisco.

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