Oct. 22, 2009 (PR Newswire) --
COLUMBUS, Ohio, Oct. 22 /PRNewswire-FirstCall/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN; www.huntington.com). The Huntington National Bank announced that it is commencing today an offer to purchase for cash a portion of the subordinated bank notes listed in the table below having an aggregate principal amount of up to $400,000,000.
Title of Security CUSIP Maturity Acceptance
Numbers Date Priority
Level
----------------- --------- -------- ----------
The Huntington 44643TAD9 February 1
National Bank 28, 2019
5.375%
Subordinated Bank
Notes Due 2019
The Huntington 44643TAA5 June 15, 2(2)
National Bank 2018
6.60%
Subordinated Bank
Notes Due 2018
The Huntington 44643TAE7 February 3
National Bank 15, 2016
5.50%
Subordinated Bank
Notes Due 2016
The Huntington 44643TAC1 January 15, 4
National Bank 2014
4.90%
Subordinated Bank
Notes Due 2014
Dollars per $1,000 Principal Amount
-----------------------------------
Aggregate Tender Early Total
Title of Principal Amount Offer Tender Considerations
Security Outstanding(1) Considerations Premium
The Huntington
National Bank
5.375%
Subordinated Bank
Notes Due 2019 $150,000,000 $795 $30 $825
The Huntington
National Bank
6.60%
Subordinated Bank
Notes Due 2018 $200,000,000 $885 $30 $915
The Huntington
National Bank
5.50%
Subordinated Bank
Notes Due 2016 $250,000,000 $875 $30 $905
The Huntington
National Bank
4.90%
Subordinated Bank
Notes Due 2014 $200,000,000 $900 $30 $930
(1) As of October 22, 2009.
(2) The maximum aggregate principal amount of The Huntington National Bank 6.60% Subordinated Bank Notes Due 2018 to be accepted by the Bank in the offer will be $150,000,000.
The offer to purchase is being made to registered holders of the above debt securities on the terms and subject to the conditions set forth in the Offer to Purchase dated October 22, 2009, and related letter of transmittal. Huntington is offering to purchase up to an aggregate principal amount of $400 million of the debt securities (the "Maximum Tender Amount") as set forth in the table above, subject to the condition that it will purchase, at most, $150 million aggregate principal amount of The Huntington National Bank 6.60% Subordinated Bank Notes Due 2018.
