Corporate ActionSep 23, 2026, 04:34 PM
Fifth Third Bancorp Completes Registered Exchange Offer for Senior Notes
AI Summary
Fifth Third Bancorp announced the expiration and results of its registered exchange offer for outstanding unregistered senior notes. The offer expired on September 22, 2026, with settlement anticipated around September 24, 2026. The company accepted for exchange all validly tendered restricted notes, which will be replaced by an equal principal amount of new notes registered under the Securities Act. The terms of the new notes are largely identical to the original notes, but they will not be subject to the same transfer restrictions or registration rights.
Key Highlights
- Fifth Third Bancorp completed its registered exchange offer for outstanding unregistered senior notes.
- The offer expired on September 22, 2026, with settlement expected around September 24, 2026.
- Approximately 99.94% of the 4.000% Senior Notes due 2029 were tendered.
- Approximately 99.997% of the 5.982% Fixed-To-Floating Rate Senior Notes due 2030 were tendered.
- Tendered notes will be exchanged for an equal principal amount of new notes registered under the Securities Act.
- The new registered notes have substantially identical terms to the restricted notes, but without transfer restrictions or registration rights.
Price Impact
More from FITB