By Lisa Kerner
Charlotte, N.C., June 3 – Wells Fargo & Co. priced a $250 million add on to its five-year floating-rate notes with a coupon of Libor plus 134 basis points, according to a 424B2 filed with the Securities and Exchange Commission.
Wells Fargo Securities LLC is the bookrunner.
The company originally priced $1 billion of the notes on March 4.
Proceeds will be added to the company’s general funds and will be available for general corporate purposes, including investments in existing or future subsidiaries and debt repayment.
The bank is based in San Francisco.
| Issuer: | Wells Fargo & Co.
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| Issue: | Add on to floating-rate notes
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| Amount: | $250 million
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| Maturity: | March 4, 2021
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| Coupon: | Libor plus 134 bps
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| Price: | 102.037
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| Call: | Non-callable
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| Bookrunner: | Wells Fargo Securities LLC
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| Pricing date: | June 1
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| Settlement date: | June 6
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| Distribution: | Off shelf
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