Fifth Third Bank $1 billion senior notes offering

Davis Polk advised the agents in connection with Fifth Third Bank, National Association’s offering of $700 million aggregate principal amount of senior fixed-rate/floating-rate notes due 2028 and $300 million aggregate principal amount of senior floating-rate notes due 2028 under its global bank note program. The senior notes were offered pursuant to Section 3(a)(2) of the Securities Act.

Fifth Third is a banking corporation headquartered in Cincinnati, Ohio. It operates over 1,000 full-service banking centers and over 2,000 Fifth Third-branded ATMs in 11 states throughout the Midwestern and Southeastern regions of the United States, with total deposits of over $168 billion.

The Davis Polk capital markets team included partners Pedro J. Bermeo and Byron B. Rooney and counsel Jennifer (Ying) Lan. The financial institutions team included partner Margaret E. Tahyar and associate Lucas Siegmund. The tax team included counsel Tracy L. Matlock and associate Michael Hsieh. Members of the Davis Polk team are based in the New York and Washington DC offices.