WELLS FARGO & COMPANY/MN 8-K

What Happened
Wells Fargo & Company filed a Current Report on Form 8-K on May 20, 2026 (Item 9.01) disclosing the issuance of Medium‑Term Notes, Series Y, totaling $6.0 billion. The notes issued are: $2,250,000,000 Senior Redeemable Fixed‑to‑Floating Rate Notes due May 20, 2029; $500,000,000 Senior Redeemable Floating Rate Notes due May 20, 2029; and $3,250,000,000 Senior Redeemable Fixed‑to‑Floating Rate Notes due May 20, 2032. The company filed the forms of the notes and an opinion letter from Faegre Drinker Biddle & Reath LLP relating to the issuance (with the counsel’s consent included).

Key Details

• Total issued: $6,000,000,000 in Medium‑Term Notes (Series Y) on May 20, 2026.
• Issues and maturities: $2.25B fixed‑to‑floating due 5/20/2029; $0.5B floating due 5/20/2029; $3.25B fixed‑to‑floating due 5/20/2032.
• Instruments: Senior redeemable notes (forms of the notes filed as exhibits).
• Exhibits filed: forms of the notes and Faegre Drinker Biddle & Reath LLP’s legal opinion (and consent).

Why It Matters
This filing documents a $6.0 billion increase in Wells Fargo’s issued senior debt with maturities in 2029 and 2032, which affects the company’s debt maturity profile and interest‑rate exposure. The filed note forms and legal opinion let investors review the exact terms (redemption features, rate mechanics, and covenants). Investors monitoring funding, liquidity, or interest expense trends should consider these new issuances when evaluating Wells Fargo’s balance sheet and upcoming cash‑flow obligations.