Fifth Third Bancorp Announces Early Tender Results for Exchange Offers and Consent Solicitations
Fifth Third Bancorp and Fifth Third Financial Corporation (FTFC) announced the early tender results as of May 21, 2026, for their exchange offers and consent solicitations. The offers involve exchanging outstanding notes originally issued by Comerica Incorporated and assumed by FTFC for new notes issued by Fifth Third Bancorp and cash. FTFC has received the necessary consents to amend the indenture governing the existing notes, with supplemental indentures expected to be executed. Tendered notes can no longer be withdrawn. Holders who tendered by the early tender date will receive the early exchange consideration. The offers are set to expire on June 8, 2026, with payment expected on the final settlement date. The exchange offers are made to eligible holders who are qualified institutional buyers or are outside the U.S. and not U.S. persons, and are not being made to holders in Canada. The new Fifth Third Notes have not been registered with the SEC and may only be offered or sold pursuant to an applicable exemption or in a transaction not subject to registration requirements.