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Huntington Bancshares offers fixed-to-floaters via four bookrunners
By Devika Patel
Knoxville, Tenn., May 6 – Huntington Bancshares Inc. intends to issue fixed-to-floating rate senior notes, according to a 424B3 filing with the Securities and Exchange Commission.
The notes will initially have a fixed coupon, then will accrue interest at a rate based on SOFR.
The notes feature a make-whole call and then a par call.
The bookrunners are BofA Securities, Inc., Huntington Securities Inc., J.P. Morgan Securities LLC and RBC Capital Markets LLC.
Deutsche Bank Trust Company Americas is the trustee.
Counsel to the issuer is provided by Wachtell, Lipton, Rosen & Katz and Venable LLP and to the underwriters by Shearman & Sterling LLP.
Proceeds will be used for general corporate purposes.
Huntington Bancshares is a Columbus, Ohio-based diversified regional bank holding company.
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