Fifth Third ($FITB) assumed $2.416B of Comerica ($CMA) debt at closing: $1,790M via Fifth Third…
Filed with the SEC on · Summarized by InvestorsBot
Fifth Third ($FITB) assumed $2.416B of Comerica ($CMA) debt at closing: $1,790M via Fifth Third Intermediary (Comerica Parent Notes: 4.00% ’29, 5.982% FT‑F ’30, 3.80% sub ’26) and $626M via Fifth Third Bank NA (7.875% sub ’26, 5.332% FT‑F ’33). 🧾 #M&A #Banking
Impact: $FITB’s balance sheet now carries these assumed notes — including sizable subordinated maturities in 2026 — which may affect near‑term funding/interest expense. Supplemental indentures/assumption agreements not filed; SEC copies available on request. 🔍 #Debt #Banking