Press release
Huntington Bancshares Incorporated Announces Debt Tender Offers
COLUMBUS, Ohio, Oct. 20, 2020 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) today announced that it has commenced cash tender offers (the
About this update from Huntington Bancshares Incorporated
[{"type":"text","content":"\n COLUMBUS, Ohio, Oct. 20, 2020 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) today announced that it has commenced cash tender offers (the \"Tender Offer\") to purchase up to the applicable aggregate maximum principal amount (each the \"Tender Cap\") of its outstanding notes listed in the table below (the \"Notes\").\n\n \n \n \n \n \n \n\n \nThe terms and conditions of the Tender Offer are described in an Offer to Purchase dated October 20, 2020 (the \"Offer to Purchase\"). Each Tender Offer is subject to the satisfaction of certain conditions as set forth in the Offer to Purchase. Capitalized terms used in this press release and not defined herein have the meanings given to them in the Offer to Purchase.\nCUSIP Number\nTitle of Security\nPar Call Date\nAggregate Principal Amount Outstanding\nAggregate Maximum Principal Amount (Tender Cap)\nEarly Tender Premium\nReference U.S. Treasury Security\nBloomberg Reference Page\nFixed Spread (basis points)\n446150AJ3\n3.150% Senior Notes due 2021\n02/14/2021\n$1,000,000,000\n$200,000,000\n$30\n0.125% due 9/30/22\nPX1\n5 bps\n446150AK0\n2.300% Senior Notes due 2022\n12/14/2021\n$1,000,000,000\n$200,000,000\n$30\n0.125% due 9/30/22\nPX1\n10 bps\nWe will only accept for purchase Notes of a series in an aggregate principal amount up to the applicable Tender Cap. The Tender Offer is not conditioned upon any minimum amount of either series of Notes being tendered. We reserve the right, but are under no obligation, to increase, decrease or eliminate any Tender Cap with respect to any series of Notes at any time, subject to applicable law, which could result in our purchasing a greater aggregate principal amount of Notes. The Tender Offer will expire at 11:59 p.m., New York City time, on November 16, 2020, unless extended (such date and time, as the same may be extended, the \"Expiration Date\") or earlier terminated. To receive the applicable Total Tender Offer Consideration, which includes the Early Tender Premium of $30.00 per $1,000 principal amount of Notes for each series as set forth above, holders of Notes subject to the Tender Offer must validly tender and not validly withdraw their Notes on or before the Early Tender Deadline, which is 5:00 p.m., New York City time, on November 2, 2020, unless extended. Holders of Notes subject to the Tender Offer who validly te...