UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 8, 2015
Fulton Financial Corporation
(Exact name of registrant as specified in its charter)
|
|
|
|
|
Pennsylvania |
|
0-10587 |
|
23-2195389 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S. Employer
Identification No.) |
|
|
|
One Penn Square
Lancaster, Pennsylvania |
|
17604 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrants telephone number, including area code: (717) 291-2411
Former name or former address, if changed since last report: N/A
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 Regulation FD Disclosure.
On June 8, 2015, Fulton Financial Corporation (Fulton Financial) issued a press release announcing the pricing of a registered
underwritten public offering of $150 million aggregate principal amount of its 4.50% Subordinated Notes due 2024 in a reopening of the existing series of such notes. The offering is expected to close on June 11, 2015, subject to the
satisfaction of customary closing conditions. A copy of the press release is attached hereto as Exhibit 99.1. Exhibit 99.1 is incorporated by reference into this Item 7.01.
The information in this Form 8-K is being furnished and shall not be deemed filed for the purpose of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Form 8-K shall not be incorporated by reference into any registration statement or other document pursuant to the
Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits.
|
|
|
Exhibit
Number |
|
Description |
|
|
99.1 |
|
Press release of Fulton Financial, dated June 8, 2015. |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
|
|
|
|
|
|
|
|
|
|
|
|
|
Fulton Financial Corporation |
|
|
|
|
Date: June 8, 2015 |
|
|
|
By: |
|
/s/ Daniel R. Stolzer |
|
|
|
|
|
|
Daniel R. Stolzer |
|
|
|
|
|
|
Executive Vice President and General Counsel |
3
EXHIBIT INDEX
|
|
|
Number |
|
Description |
|
|
99.1 |
|
Press release of Fulton Financial, dated June 8, 2015. |
4
Exhibit 99.1
|
|
|
|
|
FOR IMMEDIATE RELEASE |
|
Contact: |
|
Laura J. Wakeley |
|
|
Office: |
|
717-291-2616 |
Fulton Financial Announces Pricing of
$150 million Subordinated Notes Offering
(June 8, 2015) Lancaster, PA Fulton Financial Corporation (NASDAQ: FULT) today announced the pricing of its previously
announced public offering of $150 million aggregate principal amount of its 4.50% Subordinated Notes due 2024 (CUSIP No. 360271 AJ9) (the Subordinated Notes) in a reopening of its existing series of such notes. The price to the
purchasers was 99.708% of the principal amount of the Subordinated Notes representing a yield-to-maturity of 4.538%. The Subordinated Notes, which will not be redeemable prior to their maturity, are intended to qualify as Tier 2 capital for
regulatory purposes. The offering is expected to close on June 11, 2015, subject to the satisfaction of customary closing conditions.
Sandler ONeill + Partners, L.P. and Keefe, Bruyette & Woods, Inc. are acting as the joint book-running managers for the
offering.
Fulton Financial estimates that the net proceeds of the offering will be approximately $147.9 million (excluding accrued
interest from May 15, 2015 which is payable by the purchasers), after deducting underwriting discounts, commission and estimated transaction expenses payable by the company. Fulton Financial intends to use the net proceeds of this offering to
fund the anticipated redemption of its 6.29% Junior Subordinated Deferrable Interest Debt Securities due 2036 (the Junior Subordinated Debentures) in accordance with their terms.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any sale of
the securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities being offered have not been
approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement or the shelf registration statement or prospectus relating thereto.
The offering is being made only by means of a prospectus supplement and accompanying base
prospectus. Fulton Financial has filed a registration statement (File No. 333-197730) and a preliminary prospectus supplement to the prospectus contained in the registration statement with the U.S. Securities and Exchange Commission
(SEC) for the offering to which this communication relates and will file a final prospectus supplement relating to the offering. Prospective investors should read the prospectus supplement and base prospectus in that registration
statement and other documents Fulton Financial has filed or will file with the SEC for more complete information about Fulton Financial and this offering. You may obtain these documents for free by visiting EDGAR on the SECs website at
http://www.sec.gov. Printed copies of the final prospectus supplement, when available, and the accompanying base prospectus may be obtained by contacting Sandler ONeill + Partners, L.P., Attention: Prospectus Department, 1251 Avenue of the
Americas, 6th Floor, New York, NY 10020, telephone: 1-866-805-4128 or email: syndicate@sandleroneill.com; or Keefe, Bruyette & Woods, Inc., Attention: Debt Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019, telephone
(800) 966-1559.
About Fulton Financial
Fulton Financial Corporation is a Lancaster, Pennsylvania-based financial holding company that has banking offices in Pennsylvania, Maryland,
Delaware, New Jersey and Virginia through the following subsidiaries, headquartered as indicated: Fulton Bank, N.A., Lancaster, PA; Swineford National Bank, Middleburg, PA; Lafayette Ambassador Bank, Easton, PA; FNB Bank, N.A., Danville, PA; Fulton
Bank of New Jersey, Mt. Laurel, NJ; and The Columbia Bank, Columbia, MD.
Fulton Financials investment management and trust services
are offered at all of its subsidiary banks through Fulton Financial Advisors, a division of Fulton Bank, N.A. Residential mortgage lending is offered by all of Fulton Financials subsidiary banks under the Fulton Mortgage Company brand.
Forward-Looking Statements
Statements made in this press release regarding the proposed offering of the Subordinated Notes and the anticipated redemption of the Junior
Subordinated Debentures are forward-looking statements. Fulton Financial may be unable to sell the Subordinated Notes and may be unable to redeem the Junior Subordinated Debentures. Risks and other factors that could cause the offering not to be
completed, or to be completed with different terms, include market conditions and volatility in the market price of Fulton Financials publicly traded securities, as well as other risks listed from time to time in Fulton Financials
filings with the SEC, including but not limited to, Fulton Financials annual and quarterly reports. Fulton Financial has no obligation to revise or update any forward-looking statements,
other than as imposed by law, as a result of future events or new information. Readers are cautioned not to place undue reliance on such forward-looking statements.
# # #
Fulton Financial (NASDAQ:FULT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Fulton Financial (NASDAQ:FULT)
Historical Stock Chart
From Apr 2023 to Apr 2024