Press release
Huntington Bancshares Incorporated Announces Pricing Of Debt Tender Offer
COLUMBUS, Ohio, Nov. 3, 2020 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) (the "Company") today announced the pricing terms of the
About this update from Huntington Bancshares Incorporated
[{"type":"text","content":" COLUMBUS, Ohio, Nov. 3, 2020 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) (the \"Company\") today announced the pricing terms of the previously announced tender offers (the \"Tender Offer\") to purchase the applicable aggregate maximum principal amount (each the \"Tender Cap\") of its outstanding notes listed in the table below (the \"Notes\"). The terms and conditions of the Tender Offer are described in the Offer to Purchase dated October 20, 2020 (the \"Offer to Purchase\"), as amended by the Company's press release issued earlier today.\n\n \n \n \n \n \n \n\n \nThe total consideration to be paid in the Tender Offer for each series of Notes accepted for purchase was determined by reference to a fixed spread specified for such series of Notes over the yield (the \"Reference Yield\") based on the bid-side price of the applicable U.S. Treasury Security, in each case as set forth in the table below (the \"Total Tender Offer Consideration\"). The Reference Yields (as determined pursuant to the Offer to Purchase) listed in the table below were determined at 10:30 a.m., New York City time, today, November 3, 2020, by the Dealer Manager (identified below). The Total Tender Offer Consideration for each series of Notes includes an early tender premium of $30.00 per $1,000 principal amount of Notes accepted for purchase by the Company. \nThe following table sets forth pricing information for the Tender Offer:\nCUSIPNumber\nTitle ofSecurity\nPrincipal AmountOutstanding Prior tothe Tender Offer\nAggregateMaximumPrincipalAmount(Tender Cap)\nReferenceU.S.TreasurySecurity\nReferenceYield\nFixedSpread(basispoints)\nTotal TenderOfferConsideration (1)\n446150AJ3\n3.150%SeniorNotes due2021\n$1,000,000,000\n$200,000,000\n0.125% due9/30/22\n0.178%\n5 bps\n$1,008.11\n446150AK0\n2.300%SeniorNotes due2022\n$1,000,000,000\n$300,000,000\n0.125% due9/30/22\n0.178%\n10 bps\n$1,022.42\n(1) Per $1,000 principal amount of the Notes that are accepted for purchase.\nAll payments for Notes tendered on or before the Early Tender Deadline that are purchased by the Company will also include accrued and unpaid interest on the principal amount of Notes tendered and accepted for purchase from the last interest payment date applicable to the relevant series of Notes up to, but excluding, the early settlement date, which is currently expected to...