The Huntington National Bank (HBAN) announced the final results of its offer to purchase subordinated bank notes having an aggregate principal amount up to $400 million. The tender offer expired on November 19. As of the expiration date, $370.829 million aggregate principal amount of subordinated bank notes were validly tendered for purchase.
Huntington has accepted for purchase all subordinated bank notes validly tendered and not validly withdrawn. This will result in an aggregate purchase price of $338,858,121, which includes the applicable accrued and unpaid interest on those subordinated bank notes.
The expected settlement date for the tender offer is November 23. After settlement of the tender offer, $429.171 million aggregate principal amount of subordinated bank notes that were subject to the offer to purchase will remain outstanding.
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