SunTrust Banks, Inc. Completes $1 Billion SEC-Registered Debt Offering

December 1, 2016

SunTrust Banks, Inc. completed an SEC-registered debt offering of $1 billion total principal amount of the company's 2.70% senior notes due 2022.

SunTrust, with total assets of approximately $205 billion and total deposits of $159 billion, is one of the nation's leading providers of financial services. Through its banking and other subsidiaries, the company provides a wide range of retail and commercial banking, mortgage banking, trust, investment services, brokerage, investment management, equipment leasing and capital market services to individual, corporate and institutional clients.

The S&C team representing the underwriters was led by Mark Welshimer, Lucas Carsley and Kevin Toh. Jeffrey Hochberg, Saul Brander and Tessa Lee advised on tax matters. Tracey Russell advised on FINRA matters. Saul Brander and Andrew Motten advised on ERISA matters.