Regions Financial Corporation and Regions Bank Complete $1.5 Billion in Offerings

August 13, 2018

Regions Financial Corporation completed an offering of $500 million aggregate principal amount of its 3.800% senior notes due 2023. Concurrently with the parent-company offering, on August 13, Regions Bank, a wholly owned subsidiary of Regions Financial Corporation, completed an offering of $500 million aggregate principal amount of its senior fixed-to-floating rate bank notes due 2021 and $500 million aggregate principal amount of its senior floating rate bank notes due 2021.

Based in Birmingham, Alabama, Regions Financial Corporation, with $124.6 billion in assets, is one of the nation's largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. Regions Bank serves customers in 15 states across the South, Midwest and Texas through approximately 1,500 banking offices and 2,000 ATMs.

The S&C team representing Regions was led by Jared Fishman, along with Sarah Flowers, Misha Patel and Ekaterina Roze. Jeffrey Hochberg and Jennifer Leaphart advised on tax matters; Precious Nwankwo advised on ERISA matters; Tracey Russell advised on FINRA matters; and Kirsten Rodger advised on U.K./E.E.A.-law issues.