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Regions Financial provides results of cash tender offer for senior notes

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Regions Financial provides results of cash tender offer for senior notes

Birmingham, Ala.-based Regions Financial Corp. received tenders for about $740.1 million of its outstanding 3.200% senior notes due 2021 in its cash tender offer.

An additional approximately $1.5 million of the notes were tendered pursuant to the guaranteed delivery procedures described in the tender offer documents. The tender offer expired at 5 p.m. ET on Dec. 6.

The company accepted for purchase all notes validly tendered and not validly withdrawn at or before the expiration. Those who tendered notes will receive accrued and unpaid interest on the purchased notes from the last interest payment date, up to but excluding the settlement date, expected to be Dec. 9. Regions will fund the purchase of the notes with cash on hand.

Deutsche Bank Securities Inc., Barclays Capital Inc., Goldman Sachs & Co. LLC and Regions Securities LLC were joint dealer managers for the tender offer.