Exhibit 99.1
December 13, 2010
Contacts: |
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Analysts
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Media | |||||
Jay Gould
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(614) 480-4060 | Maureen Brown | (614) 480-5512 | |||
Todd Beekman
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(614) 480-3878 |
HUNTINGTON BANCSHARES PRICES $920 MILLION COMMON STOCK OFFERING
COLUMBUS, Ohio — Huntington Bancshares Incorporated (NASDAQ: HBAN) today announced that it priced
an offering of 146,031,747 shares of its common stock at a price to the public of $6.30 per share,
or $920.0 million in aggregate gross proceeds.
Goldman, Sachs & Co. acted as bookrunning manager for the offering with Sandler O’Neill +
Partners acting as co-manager.
Other Information
Huntington has an existing shelf registration statement (including a base prospectus) on file
with the Securities and Exchange Commission and has filed a prospectus supplement related to the
common stock offering. Prospective investors should read the registration statement (including the
base prospectus), the prospectus supplement and other documents Huntington files with the SEC for
more complete information about Huntington and the offering before investing. Investors may get
these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.
A copy of the prospectus supplement may be obtained from Goldman, Sachs & Co. by contacting
Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282; by telephone at
1-866-471-2526; or by email at prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to
buy any of the securities, nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction. The offering may be
made only by means of a prospectus and related prospectus supplement.
Forward-looking Statement
This press release contains certain forward-looking statements, including certain plans,
expectations, goals, projections, and statements, which are subject to numerous assumptions, risks,
and uncertainties. Actual results could differ materially from those contained or implied by such
statements for a variety of factors including: (1) credit quality performance could worsen due to a
number of factors such as the
underlying value of the collateral could prove less valuable than otherwise assumed and
assumed cash flows may be worse than expected; (2) changes in economic conditions; (3) movements in
interest rates;