Huntington Bancshares issues $750M Series K non-cumulative perpetual preferred stock at 6.250%

HUNTINGTON BANCSHARES INC /MD/

Issued 750,000 depositary shares (liquidation preference $1,000 each) for total gross proceeds of $750M.
Dividend fixed at 6.250% per annum through Oct 15, 2030; thereafter resets to 5-year Treasury rate + 2.653%.
Series K Preferred is perpetual, non-cumulative, redeemable at Huntington's option on/after Oct 15, 2030.
Offering closed Sept 11, 2025; underwritten by BofA Securities, Citigroup, Goldman Sachs, Huntington Securities, RBC.

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