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Prospect News home > News index > List of issuers H > Headlines for Huntington Bancshares Inc. > News item
Published on 9/8/2021 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Huntington Bancshares exchanges $60.52 million of new notes

Chicago, Sept. 8 – Huntington Bancshares Inc. announced that the exchange offers to trade four series of existing notes into new 2.487% fixed-to-fixed rate subordinated notes due 2036 has ended, according to a press release on Wednesday.

The company issued $60,516,000 of new notes in exchange for the old notes.

Unchanged at the end of the exchange, the company announced the following amounts tendered for exchange as of 5 p.m. ET on Aug. 20, the early deadline:

• None of the $110 million outstanding 6¼% subordinated notes due 2022 (Cusip: 878055AD4) that list Huntington National Bank as issuer (as successor to TCF National Bank);

• $24,373,000 of the $250 million outstanding 4.35% subordinated notes due 2023 (Cusip: 337915AA0) that list Huntington Bancshares as issuer (as successor to FirstMerit Corp.);

• $20.3 million of the $150 million outstanding 4.6% subordinated notes due 2025 (Cusip: 878055AE2) that list Huntington National Bank as issuer (as successor to TCF National Bank); and

• $10,527,000 of the $250 million outstanding 4.27% subordinated notes due 2026 (Cusip: 320844PD9) that list Huntington National Bank (as successor to FirstMerit Bank, NA).

After the cancellations, there are $110 million of the 2022 notes outstanding, $225, 217,000 of the 2023 notes outstanding, $129.7 million of the 2025 notes outstanding and $239,473,000 of the 2026 notes outstanding.

Final settlement was Sept. 8.

Global Bondholder Services Corp. is the information agent and the exchange agent for the offers (866 924-2200, 212 430-3774, contact@gbsc-usa.com, https://gbsc-usa.com/eligiblity/huntington).

Huntington is a Columbus, Ohio-based bank holding company.


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