Simpson Thacher represented the underwriter, RBC Capital Markets, LLC, in connection with an SEC-registered offering by Fifth Third Bancorp (“Fifth Third”) of $250 million aggregate principal amount of its Floating Rate Senior Notes due 2021. Fifth Third used the net proceeds from the offering for general corporate purposes.
Fifth Third is a diversified financial services company headquartered in Cincinnati, Ohio. It operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third also has a 4.9% interest in Vantiv Holding, LLC, a subsidiary of Worldpay, Inc.
The Simpson Thacher team for the transaction included Lesley Peng, Yu Mizutani and Remy Denner (Capital Markets); Jonathan Cantor and Jasmine Hay (Tax); Andrew Pagliughi (FINRA); and Larry Moss and Stephan Bradley (ECEB).