KeyCorp (KEY) Reports Results of Exchange Offers for Series A Preferred, Trust Preferred Securities

KeyCorp (NYSE: KEY) today announced the final results of its offer to exchange KeyCorp common shares for any and all outstanding shares of its 7.750% Non-Cumulative Perpetual Convertible Preferred Stock, Series A, as well as the final results of its separate offer to exchange KeyCorp common shares for any and all outstanding trust preferred securities of KeyCorp Capital I, KeyCorp Capital II, KeyCorp Capital III, and KeyCorp Capital VII.

J.P. Morgan Securities Inc. acted as KeyCorp's sole financial advisor in connection with the Series A Exchange Offer. J.P. Morgan Securities Inc. and Morgan Stanley acted as KeyCorp's joint financial advisors in connection with the Trust Preferred Exchange Offer. In addition, Morgan Stanley is KeyCorp's capital advisor on all of its capital execution plans related to the U.S. Government's Supervisory Capital Assessment Program.

You May Also Be Interested In

• DISH Network (DISH) Sued by Networks for 'Commercial Skipping' Feature
• IntercontinentalExchange (ICE) says daily crude volume hits record in May
• Baxter Int'l (BAX) says low-glucose PD regimen has favorable impact on ESRD patients w/ diabetes

Create E-mail Alert Related Categories

Corporate News

Related Entities

JPMorgan, Morgan Stanley

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?

Follow StreetInsider.com On Twitter