Financing ·
KeyCorp announced on August 14, 2026, its intention to redeem all outstanding Series D Fixed-to-Floating Rate…
KEY-PIKeycorp
KeyCorp announced on August 14, 2026, its intention to redeem all outstanding Series D Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock on September 15, 2026. The company will repurchase the entire issuance of 21,000 preferred shares (represented by 525,000 depositary shares) for an aggregate liquidation preference of $525,000,000. The redemption price is set at $25,312.50 per share ($1,012.50 per depositary share), comprising the $25,000 liquidation preference plus accumulated and unpaid dividends through the redemption date. Upon completion, all rights associated with this stock series will cease except for payment of the redemption price. KeyCorp operates as a bank-based financial services company providing deposit, lending, cash management, and investment banking products.