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KeyCorp 8-K Report, Corporate Update (Mar 4, 2025)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed March 4, 2025
Period End
March 4, 2025
In the record · 2016–202610-K1110-Q348-K141

KEY filed 11 annual reports (10-K), 34 quarterly reports (10-Q) and 141 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Aug ’16Aug ’16
  2. Leadership change8-K · Dec ’21Dec ’21
  3. Leadership change8-K · May ’26May ’26

01—Abstract

Summary

Summary of the 8-K filed March 4, 2025. Cited figures are marked; the original filing is the authoritative source.

KeyCorp filed this Current Report on Form 8-K dated March 4, 2025, under Item 8.01 (Other Events).

On that date the company issued $750,000,000a aggregate principal amount of its 5.121% Fixed-to-Floating Rate Senior Medium Term Notes, Series S, due April 4, 2031. The Notes were registered under the Securities Act of 1933 pursuant to a Form S-3 registration statement (File No. 333-272573). The filing is a routine debt issuance disclosure rather than a report of earnings or strategic developments.

It identifies the Notes' principal amount, coupon structure and maturity, and states that the legal opinion of Squire Patton Boggs (US) LLP on the validity of the Notes is filed as Exhibit 5.1. The filing also lists Exhibit 104, the cover page interactive data file.

For investors, the key takeaways are the size of the new senior unsecured funding ($750 millionb), its fixed-to-floating structure with a 5.121% initial rate, and its April 2031 maturity. The filing contains no financial results, guidance, or other operating information.

02—Key points

Key Highlights

  1. KeyCorp issued $750,000,000 aggregate principal amount of 5.121% Fixed-to-Floating Rate Senior Medium Term Notes, Series S, on March 4, 2025.
  2. The Notes mature on April 4, 2031.
  3. The Notes were issued under an effective Form S-3 shelf registration statement (File No. 333-272573).
  4. The filing is made under Item 8.01 (Other Events), so it is a debt issuance disclosure rather than an earnings or strategic report.
  5. Squire Patton Boggs (US) LLP provided the legal opinion on the validity of the Notes, filed as Exhibit 5.1.
  6. The filing contains no financial statements or operating results; Item 9.01 lists only Exhibits 5.1 and 104.

03—Questions

Frequently Asked Questions

  1. What securities did KeyCorp issue in this filing?

    KeyCorp issued $750,000,000 aggregate principal amount of its 5.121% Fixed-to-Floating Rate Senior Medium Term Notes, Series S, due April 4, 2031, on March 4, 2025.

  2. Under what registration were the Notes sold?

    The Notes were registered under the Securities Act of 1933 pursuant to a Registration Statement on Form S-3 (File No. 333-272573) filed by KeyCorp with the SEC.

  3. Does this filing report KeyCorp's financial results?

    No. The filing is limited to Item 8.01 (Other Events) and discloses the note issuance and the legal opinion filed as Exhibit 5.1. It does not include financial statements or earnings information.

  4. Who provided the legal opinion for the Notes?

    Squire Patton Boggs (US) LLP, as counsel, provided the opinion on the validity of the Notes, which is filed as Exhibit 5.1 to this Form 8-K.

04—Continue

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