COLUMBUS, Ohio, Aug. 9, 2021 /PRNewswire/ -- Huntington
Bancshares Incorporated today announced the pricing of its
previously announced private offering of $500 million principal amount of fixed-to-fixed
rate subordinated notes due 2036 (the "Notes"). The Notes
were priced at 100% of the aggregate principal amount with a coupon
of 2.487%. Huntington intends to use the net proceeds from
this offering for general corporate purposes, which may include,
among other things, supporting asset growth of its
subsidiaries.
The Notes are being offered in a private offering to persons
reasonably believed to be qualified institutional buyers in the
U.S. pursuant to Rule 144A under the Securities Act of 1933, as
amended (the "Securities Act"), and to certain persons outside of
the U.S. pursuant to Regulation S under the Securities Act.
The Notes initially will not be registered under the Securities
Act, or the securities laws of any state, and may not be offered or
sold in the U.S. without registration or an applicable exemption
from the registration requirements. Huntington will enter
into a registration rights agreement with respect to the
Notes. Completion of the offering is subject to market and
other conditions.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the Notes, nor shall it constitute
an offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale is unlawful.
About Huntington
Huntington Bancshares Incorporated (Nasdaq: HBAN) is a
$175 billion asset 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.
This press release contains certain forward-looking statements,
including, but not limited to, certain plans, expectations, goals,
projections, and statements, which are not historical facts and are
subject to numerous assumptions, risks, and uncertainties.
Statements that do not describe historical or current facts,
including statements about beliefs and expectations, are
forward-looking statements. Forward-looking statements may be
identified by words such as expect, anticipate, believe, intend,
estimate, plan, target, goal, or similar expressions, or future or
conditional verbs such as will, may, might, should, would, could,
or similar variations. The forward-looking statements are intended
to be subject to the safe harbor provided by Section 27A of the
Securities Act of 1933, Section 21E of the Securities Exchange Act
of 1934, and the Private Securities Litigation Reform Act of
1995.
All forward-looking statements speak only as of the date they
are made and are based on information available at that time. We do
not assume any obligation to update forward-looking statements to
reflect circumstances or events that occur after the date the
forward-looking statements were made or to reflect the occurrence
of unanticipated events except as required by federal securities
laws. As forward-looking statements involve significant risks and
uncertainties, caution should be exercised against placing undue
reliance on such statements. Please carefully review and consider
the various disclosures made in this document and in our other
reports filed with the SEC for more information about the risks and
other factors that may affect our business, results of operations,
financial condition or prospects.
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SOURCE Huntington Bancshares Inc.