KeyCorp plans to offer fixed-to-floating notes due in 2025, 2033

By Wendy Van Sickle

Columbus, Ohio, May 16 – KeyCorp expects to price fixed-to-floating rate senior notes in tranches due 2025 and 2033, according to two 424B5 filings with the Securities and Exchange Commission.

The notes will be redeemable at a make-whole amount after six months until three months prior to maturity for the 2025 notes and a year prior to maturity for the 2033 notes, when they will be redeemable at par.

KeyBanc Capital Markets Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and RBC Capital Markets, LLC are the bookrunners.

Deutsche Bank Trust Co. Americas is the trustee.

Squire Patton Boggs (US) LLP is providing counsel to the issuer, and Sidley Austin LLP is serving as counsel to the underwriters.

Proceeds will be used for general corporate purposes.

KeyCorp is a Cleveland-based financial services company.

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