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News Mar 14, 2016

Shearman & Sterling Advises Underwriters in Huntington Bancshares Incorporated’s $1 Billion Notes Offering

Shearman & Sterling represented Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and The Huntington Investment Company as the joint book-running managers in connection with the registered offering by Huntington Bancshares Incorporated of $1 billion aggregate principal amount of its 3.15% senior notes due 2021.  The proceeds from the offering will be used for general corporate purposes. 

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. The bank, founded in 1866, and its affiliates provide full-service commercial, small business and consumer banking services; mortgage banking services; treasury management and foreign exchange services; equipment leasing; wealth and investment management services; trust services; brokerage services; customized insurance brokerage and service programs; and other financial products and services.  Through automotive dealership relationships within its six-state retail banking franchise area and selected other Midwest and New England states, the Bank also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.

The Shearman & Sterling team included partner Lisa Jacobs (New York-Capital Markets) and associates Joseph Payne (New York-Capital Markets), Erica Kassman (New York-Corporate) and Kevin Paulsen (New York-Corporate).  Other Shearman & Sterling lawyers involved in the transaction were partners Reena Sahni (New York-Financial Institutions Advisory & Financial Regulatory) and Larry Crouch (Menlo Park-Tax), counsel Jennifer Morton (New York-Financial Institutions Advisory & Financial Regulatory), and associates Christina Broch (Washington, DC-Financial Institutions Advisory & Financial Regulatory), Jenny Ding (New York-Financial Institutions Advisory & Financial Regulatory), Kyle Phillips (Menlo Park-Tax), Matthew Weston (New York-Compensation, Governance & ERISA) and Sean Kelly (New York-Corporate).