Synovus Financial (SNV) Prices $500M Notes Offering

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Go back to Synovus Financial (SNV) Prices $500M Notes Offering

Synovus announces pricing of $500 million senior notes offering

October 29, 2024 5:02 PM EDT

COLUMBUS, Ga.--(BUSINESS WIRE)-- Synovus Financial Corp. (Synovus) (NYSE: SNV) today announced the pricing of its previously-announced underwritten public offering of $500 million of fixed rate / floating rate senior notes due 2030 (the Notes). The Notes will bear interest (i) from and including November 1, 2024 to but excluding November 1, 2029 at a fixed rate of 6.168% per annum; and (ii) from and including November 1, 2029 to but excluding November 1, 2030 in accordance with the formula for SOFR described in the prospectus supplement related to the offering, plus 2.347%. The offering is expected to close on November 1, 2024, subject to customary closing... More