Huntington Bancshares offers fixed-to-floaters via four bookrunners

By William Gullotti

Buffalo, N.Y., Aug. 1 – 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 followed by a par call.

The bookrunners are Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and Huntington Securities Inc.

Deutsche Bank Trust Co. 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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