Fifth Third Bancorp Announces Redemption of Senior Notes due July 27, 2020
May 27 2020 - 8:00AM
Business Wire
Fifth Third Bancorp (Nasdaq: FITB) today announced that it has
submitted a redemption notice to the trustee for redemption of all
of the outstanding 2.875% fixed rate senior notes due July 27, 2020
(CUSIP 316773CT5) issued in the principal amount of $1.1 billion.
The notes will be redeemed on June 27, 2020, pursuant to their
terms and conditions for an amount equal to 100% of the principal
amount plus accrued and unpaid interest to, but excluding, the
redemption date. The redemption price will become due and payable
on the first business day after the redemption date (with the same
force and effect as if made on the redemption date).
About Fifth Third
Bancorp
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio, and the indirect parent company
of Fifth Third Bank, National Association, a federally chartered
institution. As of March 31, 2020, the Company had $185 billion in
assets and operates 1,123 full-service Banking Centers, and 2,464
Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan,
Illinois, Florida, Tennessee, West Virginia, Georgia and North
Carolina. In total, Fifth Third provides its customers with access
to approximately 53,000 fee-free ATMs across the United States.
Fifth Third operates four main businesses: Commercial Banking,
Branch Banking, Consumer Lending, and Wealth & Asset
Management. Fifth Third is among the largest money managers in the
Midwest and, as of March 31, 2020, had $374 billion in assets under
care, of which it managed $42 billion for individuals, corporations
and not-for-profit organizations through its Trust and Registered
Investment Advisory businesses. Investor information and press
releases can be viewed at www.53.com. Fifth Third’s common stock is
traded on the NASDAQ® Global Select Market under the symbol
“FITB.”
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version on businesswire.com: https://www.businesswire.com/news/home/20200527005120/en/
Chris Doll (Investor Relations) Christopher.Doll@53.com |
513-534-2345 Ed Loyd (Media Relations) Edgar.Loyd@53.com |
513-534-6397 Source: Fifth Third Bancorp
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