secwatch.observer — SEC 8-K summary
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Issuer:     HUNTINGTON BANCSHARES INC /MD/ (HBAN)
CIK:        0000049196
Form:       8-K
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0001193125-23-061394
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49196/000119312523061394/0001193125-23-061394-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49196/000119312523061394/d412387d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-061394

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