First Republic Announces Senior Fixed-to-Floating Rate Notes Offering
February 05 2020 - 8:43AM
Business Wire
First Republic Bank (“First Republic”) (NYSE: FRC), a leading
private bank and wealth management company, today announced a
public offering of its Senior Fixed-to-Floating Rate Notes. First
Republic expects to use the net proceeds from the offering for
general corporate purposes, which may include, among other things,
funding loans or purchasing investment securities for its
portfolio.
BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan
Securities LLC and Morgan Stanley & Co. LLC are serving as
joint book-running managers.
The offering will be made only by means of an offering circular.
The preliminary offering circular relating to the offering is
available at www.frc-offering.com. Copies of the preliminary
offering circular may also be obtained from BofA Securities, Inc.,
NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC
28255-0001, attention: Prospectus Department, or email:
dg.prospectus_requests@baml.com; from Goldman Sachs & Co. LLC,
Prospectus Department, 200 West Street, New York, NY 10282,
telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing
prospectus-ny@ny.email.gs.com; from J.P. Morgan Securities LLC, 383
Madison Ave, NY, NY 10179, attention: Investment Grade Syndicate
Desk, or by calling 212-834-4533; or from Morgan Stanley & Co.
LLC, 180 Varick Street, Second Floor, New York, NY 10014,
attention: Prospectus Department.
This press release is for informational purposes only and shall
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 jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction. The
securities are neither insured nor approved by the Federal Deposit
Insurance Corporation.
About First Republic
Bank
Founded in 1985, First Republic and its subsidiaries offer
private banking, private business banking and private wealth
management, including investment, trust and brokerage services.
First Republic specializes in delivering exceptional,
relationship-based service, and offers a complete line of products,
including residential, commercial and personal loans, deposit
services, and wealth management. Services are offered through
preferred banking or wealth management offices primarily in San
Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and
San Diego, California; Portland, Oregon; Boston, Massachusetts;
Palm Beach, Florida; Greenwich, Connecticut; New York, New York;
and Jackson, Wyoming. First Republic is a constituent of the
S&P 500 Index and KBW Nasdaq Bank Index. For more information,
visit firstrepublic.com.
Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Statements about First Republic’s expectations, beliefs,
plans, predictions, forecasts, objectives, assumptions or future
events or performance are not historical facts and may be
forward-looking. These statements are often, but not always, made
through the use of words or phrases such as “anticipates,”
“believes,” “can,” “could,” “may,” “predicts,” “potential,”
“should,” “will,” “estimates,” “plans,” “projects,” “continuing,”
“ongoing,” “expects,” “intends” and similar words or phrases.
Accordingly, these statements are only predictions and involve
estimates, known and unknown risks, assumptions and uncertainties
that could cause actual results to differ materially from those
expressed in them. All forward-looking statements are necessarily
only estimates of future results, and there can be no assurance
that actual results will not differ materially from expectations,
and, therefore, you are cautioned not to place undue reliance on
such statements. Any forward-looking statements are qualified in
their entirety by reference to the factors discussed in the section
titled “Risk Factors” in First Republic’s preliminary offering
circular relating to this offering, including the documents
incorporated by reference therein, and other risks described in
documents subsequently filed by First Republic from time to time
under the Securities Exchange Act of 1934, as amended. Further, any
forward-looking statement speaks only as of the date on which it is
made, and First Republic undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after
the date on which the statement is made or to reflect the
occurrence of unanticipated events.
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version on businesswire.com: https://www.businesswire.com/news/home/20200205005431/en/
Investors: Andrew Greenebaum / Lasse Glassen Addo
Communications andrewg@addoir.com lasseg@addoir.com (310)
829-5400
Media: Greg Berardi Blue Marlin Partners
greg@bluemarlinpartners.com (415) 239-7826
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