Fifth Third Bancorp completes $1.273B debt exchange, amends covenants on legacy Comerica notes

FIFTH THIRD BANCORP

Exchange offers accepted $334.8M of 4.000% 2029 notes and $938.2M of 5.982% 2030 notes; total $1.273B new notes issued.
Remaining $215.2M of 2029 notes and $61.8M of 2030 notes unchanged but with amended covenants removing certain events of default.
New 4.000% notes due 2029, callable after Nov 3, 2028; new 5.982% notes due 2030, floating after Jan 2029 at SOFR+2.155%.
Fifth Third entered registration rights agreement with J.P. Morgan to file exchange offer registration within 365 days.
Exchange offers expired; all accepted notes retired and cancelled.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.