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News Mar 10, 2017

Shearman & Sterling Advises Underwriters in The Huntington National Bank’s $1 Billion Notes Offering

Shearman & Sterling represented Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and The Huntington Investment Company as the joint-book running managers in connection with the 3(a)(2) offering by The Huntington National Bank of $700 million aggregate principal amount of its 2.375% senior notes due 2020 and $300 million aggregate principal amount of its floating rate senior notes due 2020. The proceeds from the offering will be used for general corporate purposes.

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 Naveen Pogula (New York-Capital Markets), Brian Hurd (New York-Corporate) and Taylor Montgomery (New York-Corporate). Other Shearman & Sterling lawyers involved in the transaction were partners Reena Sahni (New York-Financial Institutions Advisory & Financial Regulatory), Larry Crouch (Menlo Park-Tax) and Doreen Lilienfeld (New York- Compensation, Governance & ERISA); counsel Jennifer Morton (New York-Financial Institutions Advisory & Financial Regulatory); and associates Christina Berlin (Washington, DC-Financial Institutions Advisory & Financial Regulatory), Jenny Ding (New York-Financial Institutions Advisory & Financial Regulatory), Emalie Sundale (Menlo Park-Tax) and Nell Beekman (New York-Compensation, Governance & ERISA).