Huntington Bancshares closes $325M offering of 6.875% Series J Preferred Stock

HUNTINGTON BANCSHARES INC /MD/

Issued 13M depositary shares representing 325,000 shares of 6.875% Series J Non-Cumulative Perpetual Preferred Stock, liquidation preference $1,000/share.
Dividends payable quarterly at 6.875% per annum on $1,000 liquidation preference, first payment July 15, 2023.
Series J ranks senior to common stock and junior to existing preferred series; no voting rights except in certain events.
Redemption at issuer's option on or after April 15, 2028, or within 90 days of a Regulatory Capital Treatment Event.
NASDAQ symbol for depositary shares changed from HBANJ to HBANL.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

HUNTINGTON BANCSHARES INC /MD/: Established 6.875% Series J Non-Cumulative Perpetual Preferred Stock via Articles Supplementary (effective 2023-03-03).

Change: charter amendment
Effective: 2023-03-03

Exact text from the filing

On March 2, 2023, the Corporation filed the Articles Supplementary with the Maryland Department, supplementing the Corporation’s charter by establishing the newly authorized Series J Preferred Stock of the Corporation consisting of 325,000 authorized shares. The Articles Supplementary were accepted for record on March 2, 2023, and became effective on March 3, 2023.

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HUNTINGTON BANCSHARES INC /MD/ filing history →

Source: SEC EDGAR

accession 0001193125-23-061394

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