Associated Banc-Corp to fund 5.125% note redemption via new offerings

By Tali Rackner

Norfolk, Va., Nov. 5 – Associated Banc-Corp plans to use the proceeds from a new senior note offering and a subordinated note offering to finance, in whole or in part, the redemption of its $430 million of 5.125% senior notes due March 28, 2016 when they become redeemable, according to a 424B3 filing with the Securities and Exchange Commission.

Proceeds will also be used to repurchase up to $100 million of Associated’s outstanding common stock under its stock repurchase programs and for general corporate purposes.

The bank holding company is based in Green Bay, Wis.

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