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KeyCorp Completes $2.5 Billion Capital Raise In Terms Of Participation In US Treasury Program

KeyCorp had completed its $2.5 billion capital raise as a participant in the US Department of the Treasury's Capital Purchase Program. Key announced 27 Ocober the company had received preliminary approval for the transaction, subject to customary closing conditions and

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KeyCorp had completed its $2.5 billion capital raise as a participant in the US Department of the Treasury’s Capital Purchase Program.

Key announced 27 Ocober the company had received preliminary approval for the transaction, subject to customary closing conditions and standard documentation. US regulatory officials announced the Capital Purchase Program last month as one of a series of actions designed to strengthen market stability and enhance market liquidity.

The Capital Purchase Program involves the issuance of Senior Preferred Stock and Warrants to the US Department of the Treasury in a transaction structured according to their standardized terms. A “Summary of Senior Preferred Terms” is posted on the Treasury Department’s website at http://treasury.gov/initiatives/eesa under “Capital Purchase Program.” See “Announcement and Term Sheet.”

D.C.

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