Press release
Northern Trust Engages Diverse Businesses to Underwrite $1 Billion of Senior Debt
CHICAGO--(BUSINESS WIRE)-- Northern Trust Corporation (Nasdaq: NTRS) announced today that it has closed its public offering of $1 billion of senior debt,
About this update from Northern Trust Corporation
[{"type":"text","content":" CHICAGO--(BUSINESS WIRE)--\nNorthern Trust Corporation (Nasdaq: NTRS) announced today that it has closed its public offering of $1 billion of senior debt, which commenced on May 5, 2022. As part of its longstanding commitment to diversity, equity and inclusion within the financial services industry, Northern Trust included two minority-owned firms as joint lead bookrunners.\n\n“This transaction illustrates how diversity and expanding opportunity is foundational to how Northern Trust engages with our communities and stakeholders,” Chief Financial Officer Jason Tyler said. “Northern Trust is thrilled to have completed this transaction with such a strong group of partners while also reflecting our values.”\n\nThe underwriting syndicate included minority-owned firms Loop Capital Markets and Siebert Williams Shank, as well as traditional co-bookrunners Barclays Capital Inc.; Goldman Sachs & Co. LLC; and Wells Fargo Securities, LLC. Chicago-based Loop Capital is a leading Black-owned brokerage firm; Siebert Williams Shank is a leading women-and minority-owned investment banking firm.\n\n“Loop Capital is honored to have a long-standing strategic partnership with Northern Trust dating back to the earliest days of our firm’s existence,” said Jim Reynolds, Chairman and CEO of Loop Capital Markets. “With the selection of our firm as an active joint-lead bookrunner, Northern Trust has taken another formative step in the empowerment of Loop Capital, while supporting an important broader market shift on Wall Street for an even deeper commitment to diversity, equity and inclusion at all levels of the financial services value chain.”\n\n“Siebert Williams Shank is proud to have acted as a Joint Bookrunner on this landmark transaction,” said Suzanne Shank, President and Chief Executive Officer of Siebert Williams Shank. “Our strategic partnership with Northern Trust dates back to 2005, with engagements from capital raising to asset management, and has helped Siebert Williams Shank grow, re-invest in our communities and support our social mission. Northern Trust continues to prioritize diversity, equity, and inclusion and has offered a stage for firms such as Siebert Williams Shank to showcase our capabilities and serve our clients and investors in a greater capacity; such opportunities we believe will benefit the broader investment industry.”\n\...