Associated Banc-Corp pricing tranches of senior, subordinated notes

By Aleesia Forni

Virginia Beach, Nov. 5 – Associated Banc-Corp is in the market with a bond offering that includes a tranche of senior notes and a tranche of subordinated notes, according to a 424B3 filed with the Securities and Exchange Commission on Wednesday.

Goldman Sachs & Co. and J.P. Morgan Securities LLC are the bookrunners.

BofA Merrill Lynch, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Macquarie Capital, Sandler O’Neill + Partners LP and Sterne Agee & Leach Inc. are the co-managers.

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.

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

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