06 04 2016Huntington Bancshares Incorporated $350 Million Preferred Securities Offering
Shearman & Sterling represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities, LLC as representatives of the underwriters in connection with the registered offering by Huntington Bancshares Incorporated of 16 million depositary shares (including 2 million depositary shares issued pursuant to the exercise of an over-allotment option by the underwriters), each representing a 1/40th interest in a share of its 6.250% Series D Non-Cumulative Perpetual Preferred Stock.
Huntington Bancshares Incorporated is a multi-state bank holding company. The Firm, led by Stephen D Steinour, Howell D McCullough, Paul G Heller, Daniel J Neumeyer and Helga S Houston, is based in Columbus (OH).
Through automotive dealership relationships within its six-state retail banking franchise area and selected other Midwest and New England states, the bank also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.
The Shearman & Sterling team included partner Lisa Jacobs (New York-Capital Markets) and associates Joseph Payne (New York-Capital Markets), Yi Han Goh (New York-Capital Markets), Frank Oliver (New York-Corporate) and Kevin Paulsen (New York-Corporate). ¬†Other Shearman & Sterling lawyers involved in the transaction were partners Reena Sahni (New York-Financial Institutions Advisory & Financial Regulatory) and Larry Crouch (Menlo Park-Tax), counsel Sharon Lippett (New York- Compensation, Governance & ERISA) and Jennifer Morton (New York-Financial Institutions Advisory & Financial Regulatory), associates Christina Broch (Washington, DC-Financial Institutions Advisory & Financial Regulatory), Steven Blau (Toronto-Financial Institutions Advisory & Financial Regulatory), Kyle Phillips (Menlo Park-Tax), Matthew Weston (New York-Compensation, Governance & ERISA) and Sean Kelly (New York-Corporate). Involved fees earner: Lisa Jacobs - Shearman & Sterling; Joseph Payne - Shearman & Sterling; Yi Han Goh - Shearman & Sterling; Reena Sahni - Shearman & Sterling; Jennifer Morton - Shearman & Sterling; Laurence Crouch - Shearman & Sterling; Kyle Phillips - Shearman & Sterling; Sharon Lippett - Shearman & Sterling; Matthew Weston - Shearman & Sterling;
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