Synovus Announces Senior Notes Offering
August 04 2022 - 9:20AM
Business Wire
Synovus Financial Corp. (NYSE: SNV) today announced an
underwritten public offering of senior notes due 2025. Synovus
intends to use the net proceeds from the offering for general
corporate purposes, which may include the repayment of existing
debt.
Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC
will serve as the joint book-running managers for the offering.
Synovus is conducting the offering pursuant to an effective
registration statement under the Securities Act of 1933, as
amended. The 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
final prospectus supplement and accompanying prospectus relating to
the offering can be obtained by contacting Morgan Stanley & Co.
LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New
York, New York 10014, e-mail: prospectus@morganstanley.com or
Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West
Street, New York, New York 10282, telephone: 1-866-471-2526 or
e-mail: prospectus-ny@ny.email.gs.com. 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 offering. Investors may obtain these documents
free of charge by visiting the SEC’s website at www.sec.gov.
Synovus Financial Corp.
Synovus Financial Corp. is a financial services company based in
Columbus, Georgia, with approximately $57 billion in assets.
Synovus provides commercial and retail banking and a full suite of
specialized products and services, including private banking,
treasury management, wealth management, mortgage services, premium
finance, asset-based lending, structured lending, and international
banking through branches in Georgia, Alabama, South Carolina,
Florida, and Tennessee.
Forward-Looking Statements
This press release and certain of our other filings with the
Securities and Exchange Commission 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 banking industry and economy in
general. These forward-looking statements include, among others,
our expectations regarding our future operating and financial
performance; expectations on our growth strategy, expense and
revenue initiatives, capital management, balance sheet management,
and future profitability; expectations on credit quality and
performance; 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 press release. 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 Securities
and Exchange Commission, including its Annual Report on Form 10-K
for the year ended December 31, 2021, under the captions
“Cautionary Notice Regarding 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.
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Media Contact Audria Belton Media Relations (706)
644-0528
Investor Contact Cal Evans Investor Relations (706)
641-6500
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