Fifth Third sees 94% early tenders in exchange offer for USD 1 billion FTFC notes

Fifth Third Bancorp

Fifth Third Bancorp

FITB

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  • Fifth Third launched private exchange offers for up to USD 1.55 billion of FTFC senior notes assumed in the Comerica merger, offering new Fifth Third senior notes plus cash.
  • By the May 21 early tender deadline, holders tendered USD 330.54 million of 4% Senior Notes due 2029, or 60.1% of the USD 550 million outstanding.
  • Tenders reached USD 937.25 million of 5.982% Fixed-To-Floating Rate Senior Notes due 2030, or 93.73% of the USD 1 billion outstanding.
  • FTFC received enough consents to amend the indentures for both series; withdrawals are no longer permitted.
  • The offers expire June 8, with final settlement expected within two business days; early tenders receive USD 1,000 principal of the corresponding new notes plus USD 1 cash per USD 1,000 tendered.


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: 202605220830BIZWIRE_USPR_____20260521_BW389347) on May 22, 2026, and is solely responsible for the information contained therein.