Regions Financial in Birmingham, Ala., has offered to repurchase up to $750 million of its outstanding senior debt.
The $126 billion-asset company made the cash tender offer on Thursday, it said in a news release.
Regions' offer of $1,013 per $1,000 principal amount of the notes is scheduled to expire Aug. 18. It involves Regions' outstanding 2% senior notes due May 15, 2018.
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Regions Financial has a new chief executive for its insurance business.
August 5 -
Synovus Financial in Columbus, Ga., has offered to acquire up to $100 million of its outstanding subordinated debt.
December 23 -
The $4.3 billion-asset holding company said in a press release Monday that the fixed- to floating-rate subordinated notes are due in 2026.
August 8
Deutsche Bank Securities will act as lead dealer manager on the tender offer. Mischler Financial Group will also act as co-dealer manager.
