Huntington Bancshares offers fixed-to-floaters via four bookrunners

By Mary-Katherine Stinson

Lexington, Ky., Jan. 26 – 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 an optional make-whole call beginning 180 days after issue. The notes are callable in whole on the first par call date, one year prior to maturity, and after, in whole or in part, at par.

The bookrunners are BofA Securities, Inc., Goldman Sachs & Co. LLC, RBC Capital Markets, LLC and Huntington Securities, Inc.

Bank of New York Mellon Trust Co., NA is the trustee.

Counsel to the issuer is provided by Wachtell, Lipton, Rosen & Katz and Venable LLP and to the underwriters by Gibson, Dunn & Crutcher LLP.

Proceeds will be used for general corporate purposes.

The notes will not be listed on any securities exchange.

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

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