cloudyn.png
Wednesday August 17th, 2022 10:33PM

Synovus Announces Senior Notes Offering

By The Associated Press

COLUMBUS, Ga.--(BUSINESS WIRE)--Aug 4, 2022--

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, 2 nd Floor, New York, New York 10014, e-mail: or Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526 or e-mail: . 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 .

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.

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.

View source version on businesswire.com:

CONTACT: Media Contact

Audria Belton

Media Relations

(706) 644-0528Investor Contact

Cal Evans

Investor Relations

(706) 641-6500

KEYWORD: UNITED STATES NORTH AMERICA GEORGIA

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Synovus Financial Corp.

Copyright Business Wire 2022.

PUB: 08/04/2022 09:20 AM/DISC: 08/04/2022 09:22 AM

http://www.businesswire.com/news/home/20220803006091/en

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Corporate News, AP Online - Georgia News, AP Business Wire - Georgia, AP Business - Industries, AP Business - Financial Services
© Copyright 2022 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
China conducts 'precision missile strikes' in Taiwan Strait
China says it has conducted “precision missile strikes" in the Taiwan Strait as part of military exercises by its navy, air force and other departments in six zones surrounding the island
9:30AM ( 7 minutes ago )
In S. Korea, Pelosi avoids public comments on Taiwan, China
After infuriating China over her trip to Taiwan, U.S. House Speaker Nancy Pelosi has met South Korean political leaders in Seoul
9:23AM ( 14 minutes ago )
Iran nuclear talks in Vienna as Tehran expands enrichment
Negotiators from Iran, the United States and the European Union have resumed monthslong, indirect talks over Tehran’s tattered nuclear deal
9:17AM ( 20 minutes ago )
Associated Press (AP)
US markets head for small gains ahead of jobs data, earnings
Wall Street is pointing toward small gains before the opening bell bell ahead of a double dose of U.S. jobs data while anxiety eased over U.S. House Speaker Nancy Pelosi’s visit to Taiwan
8:21AM ( 1 hour ago )
Ukrainian cities shelled, including one near nuclear plant
Ukraine's presidential office says that powerful explosions have rattled the southern Ukrainian city of Mykolaiv and a city close to the country’s biggest nuclear power plant sustained a barrage of shelling amid Russian attacks in several regions
7:56AM ( 1 hour ago )
Pope promotes Vatican nurse credited with saving his life
Pope Francis has promoted a Vatican nurse to be his “personal health care assistant” The Vatican announced the appointment of Massimiliano Strappetti on Thursday
7:33AM ( 2 hours ago )
AP Business
Asian shares rise on optimism on economic data, earnings
Asian shares are mostly higher as investors welcome encouraging economic data and quarterly earnings reports from big companies
2:58AM ( 6 hours ago )
Alex Jones concedes Sandy Hook attack was '100% real'
Conspiracy theorist Alex Jones says he now understands he was irresponsible to declare the Sandy Hook Elementary School massacre a hoax, and he now believes it was “100% real.”
9:55PM ( 11 hours ago )
Mickelson, others sue PGA Tour over LIV Golf suspensions
The dispute between the PGA Tour and the Saudi-funded LIV Golf series is now in the courts
5:58PM ( 15 hours ago )
AP Business - Corporate News
Election skeptics rise in GOP races to run state elections
The Trump-endorsed Arizona lawmaker who won the GOP nomination for secretary of state is the latest candidate to advance to the November ballot for a post overseeing state elections while denying the results of the last one
6:20PM ( 15 hours ago )
Castellanos HR after overturned call, Phils beat Braves 3-1
Nick Castellanos hit a two-run homer in the eighth inning as the Philadelphia Phillies took full advantage of an overturned call to beat the Atlanta Braves 3-1
3:58PM ( 17 hours ago )
Trade deadline recap: Soto to Padres; Phillies, Twins add
Baseball’s trade deadline day was an action-packed affair — and no one had more fun than the Padres
3:38AM ( 1 day ago )
AP Online - Georgia News
AP Business Wire - Georgia
Bank of England likely to raise interest rates — maybe a lot
The Bank of England is likely to announce its biggest interest rate increase in more than 27 years as it seeks to rein in accelerating inflation driven by the fallout from Russia’s invasion of Ukraine
4:29AM ( 5 hours ago )
Inspectors OK 1st Ukraine grain ship but no sign yet of more
The first grain ship to leave Ukraine under a Black Sea wartime deal has passed inspection in Istanbul and is heading on to Lebanon
11:06PM ( 10 hours ago )
UN chief criticizes `grotesque greed' of oil companies
The United Nations chief is sharply criticizing the “grotesque greed” of oil and gas companies for making record profits from the energy crisis on the back of the world’s poorest people
8:34PM ( 13 hours ago )
AP Business - Industries
Growing prescriptions help push CVS past Q2 expectations
CVS Health thumped second-quarter expectations and hiked its full-year forecast as growing prescription claims helped balance a drop in vaccinations
10:59AM ( 22 hours ago )
Inflation in Turkey rises to nearly 80%, hitting consumers
Annual inflation in Turkey soared to nearly 80% in July
6:18AM ( 1 day ago )
Stocks slip on Wall Street after another meandering day
U.S. stocks slipped Tuesday as Wall Street’s modest August retreat continued another day
4:32PM ( 1 day ago )
AP Business - Financial Services
In S. Korea, Pelosi avoids public comments on Taiwan, China
After infuriating China over her trip to Taiwan, U.S. House Speaker Nancy Pelosi has met South Korean political leaders in Seoul
9:23AM ( 14 minutes ago )
Iran nuclear talks in Vienna as Tehran expands enrichment
Negotiators from Iran, the United States and the European Union have resumed monthslong, indirect talks over Tehran’s tattered nuclear deal
9:17AM ( 21 minutes ago )
Griner apologizes as Russian court prepares to give verdict
American basketball star Brittney Griner apologized to her family and her team as a  Russian court heard closing arguments in her drug possession trial said it expected to deliver a verdict Thursday
9:13AM ( 25 minutes ago )
How much is Zuckerberg worth? Card collector could find out
When camp counselor Allie Tarantino was flipping through a magazine years ago, he came upon a familiar name: Mark Zuckerberg
9:03AM ( 35 minutes ago )
'I will be proud of you forever': A funeral in east Ukraine
Around 50 mourners escort two caskets draped in satin fabric through a leafy cemetery in Ukraine’s eastern Donetsk region, family members of two soldiers killed last week on the nearby front
8:50AM ( 48 minutes ago )