M&T Bank Corporation (M&T) completed an underwritten public offering of $750 million of 5.179% fixed-rate-/floating-rate senior notes due 2031 under its registered medium-term note program. Concurrently, M&T completed an offering of $750 million of 4.762% fixed-rate/floating-rate senior bank notes due 2028 through its depository institution subsidiary, Manufacturers and Traders Trust Company (M&T Bank), under M&T Bank’s bank note program.
S&C acted as underwriters’ counsel for Morgan Stanley & Co., Citigroup Global Markets and RBC Capital Markets, who acted as joint book-running managers, and Drexel Hamilton, Jefferies and M&T Securities, who acted as co-managers.
M&T is financial holding company headquartered in Buffalo, New York, with $210.3 billion in assets as of March 31, 2025.
The S&C team representing the joint book-running managers and co-managers included Ben Weiner, Ben Rump and Jiaye Hou. Jeff Hochberg advised on tax matters.