Synovus Financial Corp. (NYSE:SNV) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On January 31, 2019, Synovus Financial Corp. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”), by and between the Company and J.P. Morgan Securities LLC, as representative of the several underwriters named therein (the “Underwriters”), to which the Company agreed to sell to the Underwriters $300 million aggregate principal amount of its 5.90% Fixed-to-Fixed Rate Subordinated Notes due 2029 (the “Notes”). The closing of the sale of the Notes is expected to occur on February 7, 2019, subject to customary closing conditions. The offering of the Notes is being made to the Company’s Registration Statement on Form S-3 (File No.333-212916) filed with the Securities and Exchange Commission (the “SEC”) on August 4, 2016.
The Underwriting Agreement contains customary representations, warranties and covenants of the Company, conditions to closing, indemnification obligations of the Company and the Underwriters, and termination and other customary provisions.
The Underwriting Agreement is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 1.01 Financial Statements and Exhibits
SYNOVUS FINANCIAL CORP Exhibit
EX-1.1 2 exhibit11-ua.htm EXHIBIT 1.1 Exhibit Exhibit 1.1Execution VersionSYNOVUS FINANCIAL CORP.5.900% Fixed-to-Fixed Rate Subordinated Notes due 2029Underwriting AgreementJanuary 31,…
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About Synovus Financial Corp. (NYSE:SNV)
Synovus Financial Corp. is a financial services and a bank holding company. The Company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services to its customers through over 30 locally branded banking divisions of its subsidiary bank, Synovus Bank, and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee. Synovus Bank offers commercial banking services and retail banking services. Its commercial banking services include cash management, asset management, capital markets services, institutional trust services and commercial, financial and real estate loans. Its retail banking services include accepting customary types of demand and savings deposits accounts; mortgage, installment and other retail loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services, and bank credit card services.
