October 30, 2026
Willkie represented U.S. Bancorp in an offering of 1 million depositary shares, each representing a 1/25th interest in a share of U.S. Bancorp’s 7.20% Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, par value $1.00 per share, with a liquidation preference of $25,000 per share (equivalent to $1,000 per depositary share). The offering closed on October 30, 2026. U.S. Bancorp Investments, Inc., Barclays Capital Inc. and Morgan Stanley & Co. LLC acted as lead underwriters for the offering.
Headquartered in Minneapolis, U.S. Bancorp is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States.
The Willkie team was led by partners Eddie Best, Susan Rabinowitz and Jennifer Carlson and included associates Qingqing (Chelsea) Zheng and Jayla Simmons.
