M&T Bank Completes $1.5 Billion Senior Notes Offering

On December 17, 2024, M&T Bank Corporation successfully closed a public offering, raising a total of $1.5 billion through the issuance of senior notes. The offering included $500,000,000 aggregate principal amount of 4.833% Fixed Rate/Floating Rate Senior Medium-Term Notes, Series A due January 16, 2029 (2029 Notes) and $1,000,000,000 aggregate principal amount of 5.385% Fixed Rate/Floating Rate Senior Medium-Term Notes, Series A due January 16, 2036 (2036 Notes). The offering, which was registered under the Securities Act of 1933, was facilitated by a registration statement on Form S-3 (File No. 333-274646) filed by M&T with the Securities and Exchange Commission.

Legal counsel for M&T Bank, Squire Patton Boggs (US) LLP, provided an opinion regarding the issuance and sale of the Senior Notes, which is included in the Current Report on Form 8-K and will be incorporated by reference into the Registration Statement.

In compliance with regulations, M&T Bank has filed required exhibits as follows:
– Exhibit 5.1: Opinion of Squire Patton Boggs (US) LLP on the validity of the Senior Notes
– Exhibit 23.1: Consent of Squire Patton Boggs (US) LLP (included in Exhibit 5.1)
– Exhibit 104: Cover page from the Current Report on Form 8-K, formatted in Inline XBRL.

The Senior Notes issued are a significant financial move for M&T Bank, indicating a strategic approach to raising capital and strengthening its position. Daryl N. Bible, Senior Executive Vice President, and Chief Financial Officer, signed the report on behalf of M&T Bank Corporation on December 17, 2024.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read M&T Bank’s 8K filing here.

About M&T Bank

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.