Shearman And Sterling

News August 16, 2021

Huntington Bancshares Inc.’s Notes Offering and Exchange Offer

Shearman & Sterling represented Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Huntington Securities, Inc., Keefe, Bruyette & Woods, Inc., MUFG Securities Americas Inc. and Raymond James & Associates, Inc. as initial purchasers in connection with a Rule 144A/Regulation S offering by Huntington Bancshares Incorporated of $500 million aggregate principal amount of its 2.487% Fixed-to-Fixed Subordinated Notes due 2036.

Shearman & Sterling also represented Credit Suisse Securities (USA) LLC as the dealer manager in connection with the private exchange offer by Huntington of its 4.350% Subordinated Notes due 2023 and The Huntington National Bank's 6.250% Subordinated Notes due 2022, 4.600% Subordinated Notes due 2025 and 4.270% Subordinated Notes due 2026 for Huntington's 2.487% Fixed-to-Fixed Rate Subordinated Notes due 2036. In connection with the exchange offer, Huntington issued $60,516,000 2.487% Fixed-to-Fixed Rate Subordinated Notes due 2036.

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle–market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates more than 1,200 branches in 12 states, with certain businesses operating in extended geographies.

The Team