trending Market Intelligence /marketintelligence/en/news-insights/trending/4jnr4abndbhi3cljjcr_iq2 content esgSubNav
In This List

Synovus Financial launches preferred stock offering

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Synovus Financial launches preferred stock offering

Synovus Financial Corp. launched an underwritten public offering of $150 million of fixed-to-floating rate noncumulative perpetual preferred stock, series D.

The company plans to use the net proceeds of the offering to fund the redemption of all of its outstanding shares of fixed-to-floating rate noncumulative perpetual preferred stock, series C, and for other general corporate purposes.

Citigroup Global Markets Inc. and Merrill Lynch Pierce Fenner & Smith Inc. are acting as joint book-running managers of the offering. J.P. Morgan Securities LLC is acting as joint lead manager, and Synovus Securities Inc. and Sandler O'Neill & Partners LP are acting as co-managers.