State Street Corporation’s Offering of Depositary Shares

Cravath represented the underwriters in connection with the $850 million offering of depositary shares representing preferred stock of State Street Corporation, a provider of a broad range of financial products and services to institutional investors worldwide. The transaction closed on July 24, 2024.

The Cravath team included partner Craig F. Arcella and associates Matthew C. Weinstein and Rhemé Sloan on capital markets matters; partner Andrew T. Davis and associate Josh Banafsheha on tax matters; and of counsel Will C. Giles on bank regulatory matters.