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Aggregate Acceptance Principal CUSIP Maturity Priority Amount Title of Security Numbers Date Level Outstanding
----------------- --------- -------- ---------- -----------
The Huntington 44643TAD9 February 1 $150,000,000 National Bank 28, 2019 5.375% Subordinated Bank Notes Due 2019
The Huntington 44643TAA5 June 15, 2(1) $200,000,000 National Bank 2018 6.60% Subordinated Bank Notes Due 2018
The Huntington 44643TAE7 February 3 $250,000,000 National Bank 15, 2016 5.50% Subordinated Bank Notes Due 2016
The Huntington 44643TAC1 January 15, 4 $200,000,000 National Bank 2014 4.90% Subordinated Bank Notes Due 2014
Total Principal Amount Tendered As of 5:00 p.m., Title of Security November 4, 2009
----------------- -------------------
The Huntington $74,284,000 National Bank 5.375% Subordinated Bank Notes Due 2019
The Huntington $74,019,000 National Bank 6.60% Subordinated Bank Notes Due 2018
The Huntington $146,952,000 National Bank 5.50% Subordinated Bank Notes Due 2016
The Huntington $74,573,000 National Bank 4.90% Subordinated Bank Notes Due 2014
(1) The maximum aggregate principal amount of The Huntington National Bank 6.60% Subordinated Bank Notes Due 2018 to be accepted by Huntington in the Tender Offer will be $150,000,000.
"We are very pleased with the response to date to the tender offer," said Stephen D. Steinour, chairman, president, and chief executive officer. "Using our excess liquidity to purchase subordinated bank notes represents a high-return use of our funds."
The Tender Offer was made to registered holders of the above subordinated bank notes on the terms and subject to the conditions set forth in the Offer to Purchase dated October 22, 2009 (the "Offer to Purchase"), and related letter of transmittal. Under the terms of the Offer to Purchase, 5:00 p.m., New York City Time, on November 4, 2009 was the "Early Tender Date." Holders who tendered their subordinated bank notes prior to the Early Tender Date, and whose subordinated bank notes are accepted for purchase, will receive an early tender premium in addition to the applicable tender offer consideration set forth in the Offer to Purchase and applicable accrued and unpaid interest on the subordinated bank notes, up to, but excluding, the settlement date.
The subordinated bank notes will be purchased in accordance with the acceptance priority level (in numerical priority order) set forth in the table above. If some but not all of an applicable acceptance priority level issue of subordinated bank notes are accepted for purchase, then the securities within that issue will be prorated based on the aggregate principal amount tendered with respect to such issue. Subordinated bank notes in acceptance priority level 1 will not be subject to proration. Completion of the Tender Offer is subject to, and conditioned upon, the satisfaction or, where applicable, waiver of certain conditions set forth in the Offer to Purchase. Huntington may amend the terms of, extend or terminate the Tender Offer at any time.
Under the terms of the Offer to Purchase, Holders have until 11:59 p.m., New York City Time, on Thursday, November 19, 2009, to tender their subordinated bank notes, unless such date is extended or the Tender Offer is earlier terminated with respect to any issue of the subordinated bank notes. Settlement is expected to occur on Monday, November 23, 2009. The complete terms and conditions of the Tender Offer are set forth in the Offer to Purchase and the letter of transmittal that were sent to registered holders of the subordinated bank notes. Holders are urged to read the Offer to Purchase and the letter of transmittal carefully.
Other Information
Sandler O'Neill & Partners, L.P. is serving as Dealer Manager in connection with the Tender Offer. Global Bondholder Services Corporation is serving as Depositary and Information Agent in connection with the Tender Offer. Persons with questions regarding the Tender Offer should contact Sandler O'Neill & Partners, L.P. at 866-805-4128 (toll free) or 212-466-7807 (collect). Requests for copies of the Offer to Purchase or related letter of transmittal may be directed to Global Bondholder Services Corporation at (866) 387-1500 (toll free) or (212) 430-3774 (collect for banks and brokers).
This news release does not constitute an offer to buy or the solicitation of an offer to sell any securities, and there shall be no purchase of securities of Huntington in any state or jurisdiction in which such an offer, solicitation or purchase would be unlawful. The Tender Offer is being made only pursuant to the Offer to Purchase dated October 22, 2009, and the related letter of transmittal.
Forward-looking Statements
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. Additional factors that could cause results to differ materially from those described above can be found in Huntington Bancshares Incorporated's 2008 Annual Report on Form 10-K, and documents subsequently filed by Huntington Bancshares Incorporated with the Securities and Exchange Commission. All forward-looking statements included in this release are based on information available at the time of the release. Huntington assumes no obligation to update any forward-looking statement. About Huntington
The Huntington National Bank is a full-service commercial and consumer bank. Its sole shareholder, Huntington Bancshares Incorporated, is a $53 billion regional bank holding company headquartered in Columbus, Ohio. Huntington Bancshares Incorporated has more than 143 years of serving the financial needs of its customers. Through its subsidiaries, including its banking subsidiary, The Huntington National Bank, it provides full-service commercial and consumer banking services, mortgage banking services, equipment leasing, investment management, trust services, brokerage services, customized insurance service program, and other financial products and services. Its over 600 banking offices are located in Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia. Huntington Bancshares Incorporated also offers retail and commercial financial services online at huntington.com; through its technologically advanced, 24-hour telephone bank; and through its network of almost 1,400 ATMs. Its Auto Finance and Dealer Services group offers automobile loans to consumers and commercial loans to automobile dealers within our six-state banking franchise area. Selected financial service activities are also conducted in other states including: Private Financial Group offices in Florida and Mortgage Banking offices in Maryland and New Jersey. International banking services are available through the headquarters office in Columbus and a limited purpose office located in both the Cayman Islands and Hong Kong.
CONTACT: Jay Gould, Analysts, Huntington Bancshares Incorporated Tel: +1 614 480 4060 Jim Graham, Media, Huntington Bancshares Incorporated Tel: +1 614 480 3878 Maureen Brown, Media, Huntington Bancshares Incorporated Tel: +1 614 480 5512
((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
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