UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 6, 2011
UnionBanCal Corporation
(Exact name of registrant as specified in its charter)
Delaware | 001-15081 | 94-1234979 | ||
(State of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
400 California Street
San Francisco, CA 94104-1302
(Address of principal executive offices) (Zip Code)
San Francisco, CA 94104-1302
(Address of principal executive offices) (Zip Code)
Tel. (415) 765-2969
Registrants telephone number, including area code
Registrants telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
On June 6, 2011, Union Bank, N.A. (the Bank), the wholly-owned bank subsidiary of UnionBanCal
Corporation, issued $300 million in aggregate principal amount of Floating Rate Senior Bank Notes
due 2014 (the 2014 Notes) and $700 million in aggregate principal amount of 3.00% Senior Bank
Notes due 2016 (the 2016 Notes and together with the 2014 Notes, the Senior Notes). The 2014
Notes were issued to purchasers at a price of 100% of their principal amount and the 2016 Notes
were issued to purchasers at a price of 99.733% of their principal amount, resulting in aggregate
net proceeds to the Bank, after dealer discount, of $994,931,000. The Senior Notes are not
redeemable at the option of the Bank prior to maturity or subject to repayment at the option of the
holders prior to maturity. The 2014 Notes will bear interest at a rate equal to three-month LIBOR
plus 0.95% per annum and will mature on June 6, 2014. The 2016 Notes will bear interest of 3.00%
per annum and will mature on June 6, 2016. Interest payments are due on the 2014 Notes on March 6,
June 6, September 6 and December 6 of each year, commencing on September 6, 2011. Interest
payments are due on the 2016 Notes on June 6 and December 6 of each year, commencing on December 6,
2011. The net proceeds from the sale of the Senior Notes will be used by the Bank for general
corporate purposes in the ordinary course of its business.
The Senior Notes were issued as part of the Banks $4 billion bank note program under which the
Bank may issue, from time to time, senior unsecured debt obligations with maturities of more than
one year from their respective dates of issue and subordinated debt obligations with maturities of
five years or more from their respective dates of issue. After issuing the Senior Notes, there is
$1.150 billion available for issuance under the program.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 9, 2011
UNIONBANCAL CORPORATION |
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By: | /s/ Morris W. Hirsch | |||
Morris W. Hirsch | ||||
Senior Executive Vice President and General Counsel |
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