Fifth Third Bancorp’s $1.5 Billion Senior Notes Offering

The Firm represented the underwriters, led by Morgan Stanley & Co. LLC, Fifth Third Securities, Inc., Goldman Sachs & Co. LLC and RBC Capital Markets, LLC, in connection with an SEC registered offering by Fifth Third Bancorp (“Fifth Third”) of $1.5 billion aggregate principal amount of its 3.65% Senior Notes due 2024.

Fifth Third used the net proceeds from the offering for general corporate purposes.

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. It operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third also has a 3.3% interest in Worldplay Holding, LLC, a subsidiary of Worldpay, Inc.

The Simpson Thacher team included Lesley Peng (Picture), Sung Bum Cho and Mary-Jane Rabeony (Capital Markets); Larry Moss (Executive Compensation and Employee Benefits); Jonathan Cantor and Jasmine Hay (Tax); and Andrew Pagliughi (FINRA and Blue Sky).

Involved fees earner: Jonathan Cantor – Simpson Thacher & Bartlett; Sung Bum Cho – Simpson Thacher & Bartlett; Jasmine Hay – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett; Lesley Peng – Simpson Thacher & Bartlett; Mary-Jane Rabeony – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Fifth Third Securities, Inc.; Goldman Sachs & Co.; Morgan Stanley; RBC Capital Markets;

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Author: Ambrogio Visconti