Synovus Financial Corporation, through its subsidiary Synovus Bank, has issued $500 million in 5.957% Fixed-to-Fixed Rate Subordinated Bank Notes due 2036. The notes were sold at par in a private placement, with net proceeds of approximately $496 million after expenses. The subordinated notes will pay a fixed interest rate of 5.957% per annum until January 15, 2031, after which the rate will adjust to the five-year U.S. Treasury Rate plus 2.300% per annum until maturity. The proceeds are intended for general corporate purposes. The notes were issued under an agreement with The Bank of New York Mellon Trust Company, N.A., acting as agent.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Synovus Financial Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000018349-25-000137), on December 09, 2025, and is solely responsible for the information contained therein.
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