S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Banking, finance, and taxes

Will Huntington Bancshares Raise Cash? (HBAN, HBANP)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Money_stack_pic_2Huntington Bancshares Incorporated (NASDAQ: HBAN) has filed a mixed-securities shelf registration with the SEC which will allow the company to sell securities and raise capital if it chooses.  The company asked to sell an unspecified amount of mixed securities with no terms given nor any underwriters named.

The company also has 8.50% Series A Non-Cumulative PerpetualConvertible Preferred Stock which trades under the ticker "HBANP" onNASDAQ.

The company will be able to sell any combination of common stock, preferred stock, depositary shares, debt securities, junior subordinated debt securities, warrants, guarantees, and stock purchase contracts for preferred stock.

Also in the filing is Huntington Capital III, Huntington Capital IV,Huntington Capital V, and Huntington Capital VI with an allowance for trust preferred securities, normal securities, stripped securities, and capital securities

The use of proceeds is the traditional "for general corporatepurposes," which the company says could include the repayment of debt,stock buybacks, Investing in subsidiaries, and for acquisitions.

Jon C. Ogg
January 13, 2009

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

Medco Health Solutions Files Shelf Registration (MHS)

Medco Health Solutions, Inc. (NYSE: MHS) has just made an SEC Filing that will allow the company to raise capital…

Jon C. Ogg |

Pacific Biosciences Files to Raise Capital (PACB)

Pacific Biosciences of California, Inc. (NASDAQ: PACB) has just filed paperwork with the Securities and Exchange Commission to raise up…

Jon C. Ogg |

CryoLife Files To Raise Up To $100 Million In Capital (CRY)

CRYOLIFE, INC. (NYSE: CRY) has just filed with the SEC to raise up to $100 million in a mixed securities…

Douglas A. McIntyre |

Beazer Files to Raise $750 Million (BZH)

Beazer Homes USA, Inc. (NYSE: BZH) has just filed a mixed securities shelf registration that will allow it to sell…

Jon C. Ogg |

ADVENTRX Files To Raise Capital (ANX)

ADVENTRX Pharmaceuticals, Inc. (AMEX: ANX) is trading lower after a filing from Thursday evening allowing the small company to raise capital. …

Jon C. Ogg |

IPO Watch: Housing Capital Raises… IPO-esque? (BZH, HOV, ITB)

The dark side of investment banking beyond Initial Public Offerings usually revolves around secondary offerings and when companies raise capital…

Douglas A. McIntyre |

Thornburg Mortgage Files To Tap Securities Sales (TMA)

Thornburg Mortgage Inc. (NYSE: TMA) has filed an open shelf registration with the SEC to sell securities from time to…

Douglas A. McIntyre |

Crocs Closer To Raising Cash (CROX)

CROCS Inc. (NASDAQ: CROX) may be closer to a capital raise if an amended filing from tonight clears the bar…

Douglas A. McIntyre |

Petroleum Development Corporation Files To Raise Cash (PETD)

Petroleum Development Corporation (NASDAQ: PETD) has just filed a mixed shelf registration with the SEC to allow it to sell…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820