Cases & Deals

KeyBanc Capital Markets-led syndicate completes $525 million public offering of Depositary Shares

Clients Morgan Stanley & Co. LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Academy Securities Inc., and CastleOak Securities

Jones Day represented Morgan Stanley & Co. LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Academy Securities Inc., and CastleOak Securities L.P., as underwriters, in connection with KeyCorp’s $525 million public offering of 525,000 Depositary Shares, each representing a 1/25th ownership interest in a share of Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D.