secwatch.observer — SEC 8-K summary
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Issuer:     HUNTINGTON BANCSHARES INC /MD/ (HBAN)
CIK:        0000049196
Form:       8-K
Filed at:   2025-09-11T23:59:59+00:00
Accession:  0001193125-25-201383
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49196/000119312525201383/0001193125-25-201383-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49196/000119312525201383/d947096d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-201383

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer