Regions Financial plans fixed-rate, floating-rate notes in two parts

By Devika Patel

Knoxville, Tenn., Aug. 7 – Regions Financial Corp. intends to offer senior notes in two tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be sold in one fixed-rate tranche and one floating-rate tranche, with both tranches due in 2022.

The fixed-rate notes are non-callable until February 2018 and then feature a make-whole call until July 2022, after which the notes have a par call. The floaters are non-callable until July 2022 and then have a par call.

Goldman Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets Corp. and Regions Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes.

Regions is a financial services company based in Birmingham, Ala.

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