State Street eyeing senior notes offering via three bookrunners

By Aleesia Forni

Virginia Beach, Nov. 14 - State Street Corp. is planning to price an issue of senior notes, according to a 424B5 filed with the Securities and Exchange Commission on Thursday.

Morgan Stanley & Co. LLC, BofA Merrill Lynch and Goldman Sachs & Co. are the joint bookrunners.

The company plans to use proceeds from the offering for general corporate purposes, which may include working capital, capital expenditures, funding potential future acquisitions, investments in or loans to our subsidiaries, refinancing of outstanding indebtedness, refinancing of outstanding capital securities, share repurchases, dividends and satisfaction of other obligations.

The Boston-based financial holding company last priced bonds in a $1.5 billion two-part offering of senior notes on May 8.

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