COLUMBUS, Ga. -- (Business Wire)
Synovus Financial Corp. (NYSE:SNV) today announced an underwritten
public offering of subordinated notes due 2025. Synovus intends to use
the net proceeds from this offering for general corporate purposes,
which may include, but are not limited to, potential strategic
acquisitions, share repurchases and repayment of debt at or prior to its
maturity.
Sandler O’Neill + Partners, L.P. will serve as the sole manager of the
subordinated notes offering.
Synovus is conducting the subordinated notes offering pursuant to an
effective registration statement under the Securities Act of 1933, as
amended. The subordinated notes offering is being made solely by means
of a separate prospectus supplement and accompanying prospectus. This
press release shall not constitute an offer to sell, or a solicitation
of an offer to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction. A copy of the preliminary
prospectus supplement and accompanying prospectus relating to the
subordinated notes offering can be obtained by contacting Sandler
O’Neill + Partners, L.P., 1251 Avenue of the Americas, 6th Floor,
New York, New York 10020, Attention: Syndicate Operations, Telephone
Number: 1-866-805-4128. Potential investors should first read the
applicable prospectus supplement and accompanying prospectus, the
registration statement and the other documents that Synovus has filed
with the Securities and Exchange Commission in connection with the
subordinated notes offering. Investors may obtain these documents free
of charge by visiting the SEC's website at www.sec.gov.
About Synovus
Synovus Financial Corp. is a financial services company based in
Columbus, Georgia, with approximately $28 billion in assets. Synovus
provides commercial and retail banking, investment, and mortgage
services to customers through 28 locally-branded divisions, 258
branches, and 336 ATMs in Georgia, Alabama, South Carolina, Florida, and
Tennessee.
Forward-Looking Statements
This news release and certain of our filings with the Securities and
Exchange Commission (the “SEC”) contain statements that constitute
“forward-looking statements” within the meaning of, and subject to the
protections of, Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. All
statements other than statements of historical fact are forward-looking
statements. You can identify these forward-looking statements through
Synovus’ use of words such as “believes,” “anticipates,” “expects,”
“may,” “will,” “assumes,” “should,” “predicts,” “could,” “would,”
“intends,” “targets,” “estimates,” “projects,” “plans,” “potential” and
other similar words and expressions of the future or otherwise regarding
the outlook for Synovus’ future business and financial performance
and/or the performance of the commercial banking industry and economy in
general. These forward-looking statements include, among others, our
expectations on credit trends, deposits and our loan portfolio;
expectations on growth; statements regarding our continued sustainable
profitability in future periods; and the assumptions underlying our
expectations. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance and
involve known and unknown risks and uncertainties which may cause the
actual results, performance or achievements of Synovus to be materially
different from the future results, performance or achievements expressed
or implied by such forward-looking statements. Forward-looking
statements are based on the information known to, and current beliefs
and expectations of, Synovus’ management and are subject to significant
risks and uncertainties. Actual results may differ materially from those
contemplated by such forward-looking statements. A number of factors
could cause actual results to differ materially from those contemplated
by the forward-looking statements in this news release and our filings
with the SEC. Many of these factors are beyond Synovus’ ability to
control or predict.
These forward-looking statements are based upon information presently
known to Synovus’ management and are inherently subjective, uncertain
and subject to change due to any number of risks and uncertainties,
including, without limitation, the risks and other factors set forth in
Synovus’ filings with the SEC, including its Annual Report on Form 10-K
for the year ended December 31, 2014 under the captions “Forward-Looking
Statements” and “Risk Factors” and in Synovus’ quarterly reports on Form
10-Q and current reports on Form 8-K. We believe these forward-looking
statements are reasonable; however, undue reliance should not be placed
on any forward-looking statements, which are based on current
expectations and speak only as of the date that they are made. We do not
assume any obligation to update any forward-looking statements as a
result of new information, future developments or otherwise, except as
otherwise may be required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151130005631/en/
Contacts:
Synovus Financial Corp.
Bob May, 706-649-3555
Sr.
Director Investor Relations and Capital Management
Source: Synovus Financial Corp.
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