First Horizon Announces Completion of $500 Million Senior Notes Sale
October 30 2015 - 4:16PM
First Horizon National Corporation (NYSE:FHN) has completed its
sale of $500 million aggregate principal amount of 3.50% Senior
Notes due 2020.
First Horizon intends to use the net proceeds of this sale,
along with other cash on hand, to retire its outstanding 5.375%
Senior Notes, which are due December 15, 2015.
Morgan Stanley & Co. LLC, Barclays Capital Inc., Goldman,
Sachs & Co., and FTN Financial Securities Corp. acted as joint
book-running managers for the Senior Notes offering.
The offering and sale were made under First Horizon's shelf
registration statement filed with the Securities and Exchange
Commission. This press release is neither an offer to sell nor a
solicitation of an offer to buy Senior Notes. The offering of these
securities was made only by means of a Prospectus and a related
Prospectus Supplement.
About First Horizon
The 4,200 employees of First Horizon National Corp. (NYSE:FHN)
provide financial services through more than 170 First Tennessee
Bank locations in and around Tennessee and 26 FTN Financial offices
in the U.S. The company was founded during the Civil War in 1864
and has the 14th oldest national bank charter in the country. First
Tennessee has the number one deposit market share in Tennessee and
one of the highest customer retention rates of any bank in the
country. FTN Financial is a capital markets industry leader in
fixed income sales, trading and strategies for institutional
customers in the U.S. and abroad. First Horizon has been recognized
as one of the nation's best employers by Forbes, Working Mother and
American Banker magazines. More information is available at
www.FirstHorizon.com.
FHN-G
CONTACT: First Horizon Media Relations, Kim Cherry, (901) 523-4380
First Horizon Investor Relations, Aarti Bowman, (901) 523-4017
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