Fifth Third Bancorp’s $250 Million Notes Offering


Simpson Thacher represented the underwriter, RBC Capital Markets, LLC, in connection with an SEC-registered offering by Fifth Third Bancorp (“Fifth Third”) of $250 million aggregate principal amount of its Floating Rate Senior Notes due 2021.

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

Fifth Third 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 4.9% interest in Vantiv Holding, LLC, a subsidiary of Worldpay, Inc.

The Simpson Thacher team for the transaction included Lesley Peng (Picture), Yu Mizutani and Remy Denner (Capital Markets); Jonathan Cantor and Jasmine Hay (Tax); Andrew Pagliughi (FINRA); and Larry Moss and Stephan Bradley (ECEB).

Involved fees earner: Lesley Peng – Simpson Thacher & Bartlett; Yu Mizutani – Simpson Thacher & Bartlett; Remy Denner – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jasmine Hay – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Stephan Bradley – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: RBC Capital Markets;

Author: Ambrogio Visconti