New York, Nov. 5 – Associated Banc-Corp priced $250 million of 2.75% senior notes due 2019 at 99.865 and $250 million of 4.25% subordinated notes due 2025 at 99.647, according to a company announcement.
Goldman Sachs & Co. and J.P. Morgan Securities LLC are the bookrunners.
Proceeds will be used to finance the redemption of $430 million of the company’s 5.125% senior notes due 2016, to repurchase up to $100 million of the company’s outstanding common stock and for general corporate purposes.
No further details were immediately available.
The bank holding company is based in Green Bay, Wis.
| Issuer: | Associated Banc-Corp
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| Amount: | $500 million
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| Bookrunners: | Goldman Sachs & Co. and J.P. Morgan Securities LLC
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| Co-managers: | BofA Merrill Lynch, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Macquarie Capital, Sandler O’Neill + Partners LP and Sterne Agee & Leach Inc.
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| Pricing date: | Nov. 5
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| Settlement: | Nov. 13
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| Senior notes
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| Amount: | $250 million
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| Maturity: | 2019
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| Coupon: | 2.75%
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| Price: | 99.865
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| Subordinated notes:
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| Amount: | $250 million
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| Maturity: | 2025
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| Coupon: | 4.25%
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| Price: | 99.647
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