Cases & Deals

National City completes public offering of $1.4 billion of 4.0% Convertible Senior Notes

Clients National City Corporation

Jones Day advised National City Corporation in a deal consisting of $1.4 billion of 4.0% Convertible Senior Notes in a public offering, underwritten by Goldman Sachs & Co. The notes were convertible on a net share settled basis, and the issuer entered into a covered spread option transaction at the same time involving options and warrants on a net of another up to 93 million shares of Common Stock.

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