Fifth Third Bancorp Debt Offering

Davis Polk advised  the underwriters on a $750 million SEC-registered offering of 2.375% senior notes due 2025 by Fifth Third Bancorp. The net proceeds from the offering totaled approximately $747 million. 

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, with commercial banking, branch banking, consumer lending and investment advisory businesses. As of September 30, 2019, Fifth Third operated 1,143 full-service banking centers and 2,487 ATMs. It also had $397 billion in assets under care, of which it managed $46 billion for individuals, corporations and not-for-profit organizations.

The Davis Polk corporate team included partner Byron B. Rooney and associate Jaryn S. Fields. The financial institutions team included partner Margaret E. Tahyar and associate Tyler X. Senackerib. The tax team included partner Po Sit and associate Ben Levenback. All members of the Davis Polk team are based in the New York office.