SVB Financial Group in Santa Clara, Calif., is planning to issue $350 million in senior debt.

The $39 billion-asset company said in a press release Monday that the notes will be due in 2025. The offering is expected to close on Thursday.

SVB said proceeds would be used for general corporate purposes that could include working capital and continued lending.

JPMorgan Securities and Merrill Lynch, Pierce, Fenner & Smith are the joint book-running managers.

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