The Firm represented the initial purchasers, led by Goldman Sachs, J.P. Morgan, Morgan Stanley and FHN Financial Securities, in connection with the Section 3(a)(2) exempt offering of $450 million aggregate principal amount of 4.75% Subordinated Notes due 2030 by First Horizon Bank. First Horizon Bank intends to use the net proceeds from the offering for general corporate purposes.
First Horizon Bank, a Tennessee-chartered bank and subsidiary of First Horizon National Corporation (NYSE: FHN) has 272 banking centers in Tennessee, Georgia, Mississippi, North Carolina, Florida, South Carolina and Texas, providing private client and commercial loan banking services. In November 2019, First Horizon National Corporation announced its agreement to combine with IBERIABANK Corporation (NASDAQ: IBKC) in an all-stock merger of equals transaction.
The Simpson Thacher team included Lesley Peng, Della Fok and Nick Halliburton (Capital Markets); Keith Noreika and Noah DeBlasi (Bank Regulatory); Jonathan Cantor (Tax); David Rubinsky and Joo Hyun Lee (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).