Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 145

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 145
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% Subordinated notes due 2029 (b)114 117 Other variable rate notes due 2025 599 — Other subordinated notes (b)(c)79 77 Total parent company5,294 4,317 Senior medium-term notes due through 2039 (d)4,308 5,519 4.39% Senior remarketable notes due 2027 (e)232 214 3.40% Subordinated notes due 2026 (f)580 569 6.95% Subordinated notes due 2028 (f)285 286 3.90% Subordinated notes due 2029 (f)329 333 4.90% Subordinated notes due 2032 (f)675 695 Secured borrowings due through 2032 (g)88 11 Federal Home Loan Bank advances due through 2041 (h)79 7,586 Investment Fund Financing due through 2055 (i)24 24 Revolving loans due through 2027211 — Total subsidiaries6,811 15,237 Total long-term debt$12,105 $19,554 (a)Senior medium-term notes had a weighted-average interest rate of 1.57% at December 31, 2024, and 2.31% at December 31, 2023. These notes had fixed interest rates at December 31, 2024, and December 31, 2023. Certain of these notes may be redeemed prior to their maturity dates.(b)See Note 21 (“Trust Preferred Securities Issued by Unconsolidated Subsidiaries”) for a description of these notes. (c)The First Niagara variable rate trust preferred securities had a weighted-average interest rate of 6.22% at December 31, 2024, and 7.14% at December 31, 2023.  These notes may be redeemed prior to their maturity dates.(d)Senior medium-term notes had weighted-average interest rates of 4.64% at December 31, 2024, and 4.88% at December 31, 2023. These notes are a combination of fixed and floating rates. These notes may not be redeemed prior to their maturity dates.(e)The remarketable senior medium-term notes had a weighted-average interest rate of 4.39% at both December 31, 2024