KeyCorp (NYSE: KEY) issues $750M 5.305% senior notes maturing in 2037
Rhea-AI Filing Summary
KeyCorp issued $750,000,000 aggregate principal amount of 5.305% Fixed-to-Floating Rate Senior Medium Term Notes, Series S, due January 28, 2037. These Notes are senior debt securities, meaning they rank ahead of subordinated debt in repayment priority.
The Notes were issued under an existing automatic shelf registration on Form S-3 referenced as File No. 333-272573. A legal opinion from Squire Patton Boggs (US) LLP regarding the validity of the Notes is included as Exhibit 5.1, providing formal confirmation that the securities were properly authorized and issued.
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8-K Event Classification
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 8.01 | Other Events. |
On January 28, 2026, KeyCorp (the “Company”) issued $750,000,000 aggregate principal amount of its 5.305% Fixed-to-Floating Rate Senior Medium Term Notes, Series S, due January 28, 2037 (the “Notes”). The Notes were registered under the Securities Act of 1933, as amended, pursuant to a Registration Statement on Form S-3 (File No. 333-272573) filed by the Company with the Securities and Exchange Commission (the “Registration Statement”). In connection with the issuance and sale of the Notes, the legal opinion of Squire Patton Boggs (US) LLP, as counsel, is being filed as Exhibit 5.1 to this Current Report on Form 8-K.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit |
Description of Exhibit | |
| 5.1 | Opinion of Squire Patton Boggs (US) LLP as to the validity of the Notes. | |
| 104 | Cover Page Interactive Data File (embedded within Inline XBRL document). | |
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 thereunto duly authorized.
| KEYCORP | ||||
| Date: January 28, 2026 | ||||
| /s/ Andrea R. McCarthy | ||||
| By: Andrea R. McCarthy | ||||
| Assistant Secretary | ||||