{"id":20214,"date":"2011-03-18T16:24:30","date_gmt":"2011-03-18T20:24:30","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20214"},"modified":"2011-03-18T16:24:30","modified_gmt":"2011-03-18T20:24:30","slug":"keycorp-approves-625m-common-stock-offering-plans-to-repay","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/18\/keycorp-approves-625m-common-stock-offering-plans-to-repay\/","title":{"rendered":"KeyCorp Approves $625M Common Stock Offering; Plans to Repay"},"content":{"rendered":"<p>KeyCorp (KEY) today announced that it has commenced an underwritten  public offering of $625 million of its common stock to repurchase the  $2.5 billion of Series B Fixed-Rate Cumulative Perpetual Preferred Stock  it issued to the U.S. Treasury under the TARP Capital Purchase Program.  According to the company, it will proceed with these capital actions  pursuant to its capital plan submitted to the Federal Reserve on January  7, 2011. KEY has been informed that the Federal Reserve had no  objections to the capital actions set forth in its plan. After  repurchase of the TARP preferred stock is completed, KEY will enter into  negotiations to repurchase the warrant held by the U.S. Treasury. The  company also intends to commence a separate registered public offering  of senior notes. Proceeds from both offerings, together with other  available funds, will be used to repurchase such preferred stock upon  receiving the U.S. Treasury&#8217;s authorization. Shares are up 3.16% to  $9.13.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KeyCorp (KEY) today announced that it has commenced an underwritten public offering of $625 million of its common stock to repurchase the $2.5 billion of Series B Fixed-Rate Cumulative Perpetual Preferred Stock it issued to the U.S. Treasury under the TARP Capital Purchase Program.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20214","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=20214"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20214\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}