01—Abstract
Summary
Summary of the 8-K filed November 25, 2025. Cited figures are marked; the original filing is the authoritative source.
KeyCorp (NYSE: KEY) disclosed in a Form 8-K filed November 25, 2025 that its subsidiary, KeyBank National Association (the "Bank"), delivered a redemption notice to Deutsche Bank Trust Company Americas, as fiscal and paying agent, to redeem all of its outstanding 4.700%a Fixed Rate Senior Bank Notes due January 26, 2026 (CUSIP No. 49327M3G7).
The redemption date is December 29, 2025, and holders will receive 100%b of the outstanding principal amount plus accrued and unpaid interest to, but excluding, the redemption date. The announcement is a debt-management event at the bank subsidiary level rather than a change to KeyCorp's operations, earnings outlook, or capital distributions. The filing does not state the principal amount of the notes being redeemed, the reason for the redemption, or any financial impact on KeyCorp.
The filing was made under Item 8.01 (Other Events) and attaches a press release dated November 25, 2025 (Exhibit 99.1). The press release describes KeyBank as having approximately $187 billionc in assets at September 30, 2025, operating in 15 states through about 1,000 branches and about 1,200 ATMs.
02—Key points
Key Highlights
- KeyBank National Association, KeyCorp's bank subsidiary, delivered a notice to redeem all outstanding 4.700% Fixed Rate Senior Bank Notes due January 26, 2026.
- Redemption date is December 29, 2025, ahead of the notes' January 26, 2026 maturity.
- Redemption price is 100% of outstanding principal plus accrued and unpaid interest to, but excluding, the redemption date.
- Deutsche Bank Trust Company Americas is acting as fiscal and paying agent for the redemption.
- The notes are identified by CUSIP No. 49327M3G7.
- The filing does not state the aggregate principal amount of the notes being redeemed.
- The press release describes KeyBank as having approximately $187 billion in assets at September 30, 2025, with about 1,000 branches in 15 states.
03—Questions
Frequently Asked Questions
What is being redeemed?
KeyBank National Association is redeeming all of its outstanding 4.700% Fixed Rate Senior Bank Notes due January 26, 2026, identified by CUSIP No. 49327M3G7.
When will the redemption take place?
The redemption date is December 29, 2025, which is before the notes' scheduled January 26, 2026 maturity.
How much will noteholders receive?
Holders will receive a redemption price equal to 100% of the outstanding principal amount, plus accrued and unpaid interest to, but excluding, the redemption date.
Does this redemption affect KeyCorp's operations or outlook?
The filing does not discuss any operational or financial impact. It describes only the delivery of a redemption notice for senior bank notes issued by the bank subsidiary.
Who is handling the redemption?
Deutsche Bank Trust Company Americas is serving as fiscal and paying agent, and the notice was delivered to it by KeyBank National Association.
04—Continue