KeyCorp Prices Preferred Stock Series E
Ticker: KEY-PL · Form: 8-K · Filed: Aug 13, 2024 · CIK: 91576
| Field | Detail |
|---|---|
| Company | Keycorp /New/ (KEY-PL) |
| Form Type | 8-K |
| Filed Date | Aug 13, 2024 |
| Risk Level | low |
| Pages | 6 |
| Reading Time | 8 min |
| Key Dollar Amounts | $1, $1.00, $17.17, $2.8 billion, $10 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: preferred-stock, capital-markets, financials
Related Tickers: KEY
TL;DR
KEY priced Series E preferred stock, filing also covers other equity and financials.
AI Summary
KeyCorp announced on August 12, 2024, the pricing of its Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E. The company also disclosed information regarding unregistered sales of equity securities and filed financial statements and exhibits. This filing relates to the company's preferred stock offerings.
Why It Matters
This filing provides details on KeyCorp's capital structure and its issuance of preferred stock, which can impact its financial leverage and dividend payouts.
Risk Assessment
Risk Level: low — The filing primarily concerns the issuance of preferred stock and related financial disclosures, which are standard corporate actions.
Key Players & Entities
- KeyCorp (company) — Filer of the 8-K
- Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E (security) — Subject of the filing
- August 12, 2024 (date) — Date of the transaction/filing
FAQ
What is the primary purpose of this 8-K filing for KeyCorp?
The primary purpose is to report the pricing of its Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E, and to disclose information regarding unregistered sales of equity securities and financial statements.
What specific series of preferred stock is mentioned in the filing?
The filing specifically mentions the Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E.
What other types of securities are mentioned in relation to KeyCorp's equity?
The filing also mentions common shares and other series of preferred stock, including Series F, G, and H.
When was the filing submitted to the SEC?
The filing was submitted on August 13, 2024.
What is KeyCorp's Standard Industrial Classification (SIC) code?
KeyCorp's SIC code is 6021, which corresponds to NATIONAL COMMERCIAL BANKS.
Filing Stats: 1,933 words · 8 min read · ~6 pages · Grade level 15.4 · Accepted 2024-08-13 06:07:33
Key Financial Figures
- $1 — ge on which registered Common Shares, $1 par value KEY New York Stock Exchan
- $1.00 — er of shares of common stock, par value $1.00 per share, of the Company ("Common Shar
- $17.17 — "Share Issuances"), at a fixed price of $17.17 per share for aggregate consideration o
- $2.8 billion — ggregate consideration of approximately $2.8 billion. The consummation of the first Share
- $10 billion — ompany with U.S. assets of greater than $10 billion or any person who, immediately followin
- $500 million — underwritten shelf takedown is at least $500 million or such offering includes all of Purcha
Filing Documents
- d750641d8k.htm (8-K) — 49KB
- d750641dex101.htm (EX-10.1) — 490KB
- g750641g0812193439939.jpg (GRAPHIC) — 2KB
- 0001193125-24-199332.txt ( ) — 841KB
- key-20240812.xsd (EX-101.SCH) — 6KB
- key-20240812_def.xml (EX-101.DEF) — 15KB
- key-20240812_lab.xml (EX-101.LAB) — 27KB
- key-20240812_pre.xml (EX-101.PRE) — 16KB
- d750641d8k_htm.xml (XML) — 11KB
Financial Statements and Exhibits
Financial Statements and Exhibits . (d) Exhibits 10.1* Investment Agreement, dated August 12, 2024, by and between KeyCorp and The Bank of Nova Scotia. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company hereby undertakes to furnish supplemental copies of any of the omitted schedules upon request by the U.S. Securities and Exchange Commission. Certain sensitive personally identifiable information in this exhibit was omitted by means of redacting a portion of the text and replacing it with [***]. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KEYCORP (Registrant) Date: August 13, 2024 /s/ Andrea R. McCarthy By: Andrea R. McCarthy Assistant Secretary