Fifth Third launches exchange offers for up to $1.55 billion FTFC notes after Comerica merger
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Fifth Third Bancorp FITB | 0.00 |
- Fifth Third launched private exchange offers for up to USD 1.55 billion of notes assumed by its Fifth Third Financial unit in connection with merger of Comerica into that subsidiary.
- Deal covers USD 550 million of 4% Senior Notes due 2029, USD 1 billion of 5.982% Fixed-To-Floating Rate Senior Notes due 2030.
- Early tenders by May 21 can receive USD 1,000 principal amount of matching new Fifth Third notes per USD 1,000 tendered, plus USD 1 cash; later tenders through June 8 receive USD 970 principal amount of new notes per USD 1,000 tendered.
- Consent solicitations run alongside offers to strip covenants and events of default from indentures for existing notes, with consents delivered only through tendering.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fifth Third Bancorp published the original content used to generate this news brief via Business Wire (Ref. ID: 202605080844BIZWIRE_USPR_____20260507_BW589247) on May 08, 2026, and is solely responsible for the information contained therein.
