State Street Announces Issuance of $2.25 Billion of Senior Debt

• This offering reinforces State Street’s commitment to inclusion and diversity in the financial services industry

State Street Corporation (“State Street”) (NYSE: STT) announced today an issuance of $2.25 billion in aggregate principal amount of senior debt by its principal banking subsidiary, State Street Bank and Trust Company. The offering, which closed today, was structured in keeping with State Street’s ongoing inclusion, diversity, and equity efforts, with Academy Securities, Inc. (“Academy Securities”) acting as a joint book-running manager and AmeriVet Securities, Inc., CastleOak Securities L.P., Loop Capital Markets LLC, and Samuel A. Ramirez & Company, Inc. each acting as co-managers. All five broker-dealers are owned by underrepresented groups and, collectively, have underwritten 40% of the securities in the issuance. The underwriting syndicate also included Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc., and Goldman Sachs & Co. LLC, each acting as joint book-running managers.

“At State Street, we value diverse perspectives. Today’s debt issuance, achieved in partnership with diverse and veteran-owned firms, highlights our continued commitment to help create a more inclusive economy by fueling business growth for these firms,” said Paul Francisco, chief diversity officer for State Street. “Working together with all of our stakeholders, our debt issuance initiative aims to build stronger, more resilient markets and communities.”

The underwriting syndicate on this debt offering has been structured in a manner consistent with State Street’s inclusion, diversity, and equity strategy, reflecting State Street’s ongoing efforts to amplify its sustainability and impact initiatives.

“Academy Securities is honored to serve as a joint booking-running manager on today’s benchmark transaction. State Street is a firm that shares our passion for exceeding clients’ expectations while supporting our nation’s military veteran heroes. Through our partnership, Academy Securities will be able to help train additional veterans for a meaningful career in finance while executing at the highest level,” said Chance Mims, founder and chief executive officer of Academy Securities.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $46.8 trillion in assets under custody and/or administration and $4.7 trillion* in assets under management as of September 30, 2024, State Street operates globally in more than 100 geographic markets and employs approximately 53,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

* Assets under management as of September 30, 2024 includes approximately $83 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (“SSGA FD”) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

© 2024 State Street Corporation

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