Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Fri, April 26, 7:10 PM
This Slide: #561 of 620 |
Slide #561. First Horizon National Corporation — Preferred Stock Offering
Company:
First Horizon National Corporation (NYSE:FHN)
Date announced:
1/24/2013
$Amount Offered:
$100,000,000
Date of Pricing:
1/24/2013
Preferred Stock Offering Details:
First Horizon National Corporation (NYSE:FHN) announced today a public offering of depositary shares, each representing 1/4,000th interest in a share of its Non-Cumulative Perpetual Preferred Stock, Series A. First Horizon intends to grant the underwriters a 30-day option to purchase additional depositary shares solely to cover over-allotments, if any. First Horizon intends to use the net proceeds of this offering for general corporate purposes.--updated 1/25/13 - First Horizon National Corporation (NYSE:FHN) announced today the pricing of an underwritten public offering of $100 million aggregate liquidation preference amount of depositary shares, each representing 1/4,000th interest in a share of its Non-Cumulative Perpetual Preferred Stock, Series A, at a fixed annual dividend rate of 6.20 percent. First Horizon intends to use the net proceeds of this offering for general corporate purposes.
First Horizon is a bank holding company. Through its principal subsidiary, First Horizon Bank (the Bank), Co. provides regional banking, mortgage lending, title insurance, specialized commercial lending, commercial leasing and equipment financing, brokerage, wealth management, capital markets, and other financial services to commercial, consumer, and governmental clients throughout the U.S. Co.'s operating segments are: Regional Banking, which provides financial products and services, including conventional lending and deposit taking; and Specialty Banking, which consists of lines of business that deliver product offerings and services with specialized industry knowledge.
Preferreds: FHN.PRA, FHN.PRB, FHN.PRC, FHN.PRD, FHN.PRE, FHN.PRF
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Buy (3.20 out of 4) 45th percentile
(ranked lower than approx. 55% of all stocks covered)
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