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Synovus Financial in Columbus, Ga., plans to issue $250 million in subordinated notes to fund potential acquisitions or refinance other debt.
December 2 -
The Georgia company is ready to return to buying banks, but it isnt looking for a game changer. Rather, management wants to ease into consolidation by acquiring a smaller institution.
October 21 -
The $1 billion-asset Charter said in a press release Thursday that it will pay $58.8 million, or $20.50 a share for the $369 million-asset parent of Community Bank of the South.
December 3
Synovus Financial in Columbus, Ga., has offered to acquire up to $100 million of its outstanding subordinated debt.
The $28 billion-asset company made the cash tender offer on Wednesday, according to a news release. An offer of $1,042 per $1,000 principal amount of the notes is scheduled to expire on Jan. 7. After that date, the offer drops to $1,012 per $1,000 principal amount; that offer is scheduled to expire on Jan. 22.
The offer was made on Synovus' outstanding 5.125% notes due June 2017. The aggregate principal balance of the notes is about $403.3 million. JPMorgan Chase is dealer-manager on the tender offer.
Synovus earlier this month
