The Firm represented the underwriters, led by Morgan Stanley and Goldman Sachs, as joint book-running managers, in connection with an offering by Synovus Financial Corp. of $350 million aggregate principal amount of 5.2% Senior Notes due 2025. Synovus intends to use the net proceeds of the offering for general corporate purposes, which may include repayment of existing debt.
Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $57 billion in assets. Synovus provides commercial and retail banking and a full suite of specialized products and services, including private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending and international banking through branches in Georgia, Alabama, South Carolina, Florida and Tennessee.
The Simpson Thacher team for the transaction included, among others, Lesley Peng, Rachel Lerman, Asha Amin and Dylan Igoe (Corporate); Jonathan Cantor (Tax); Jeanne Annarumma and Charles Pfeifer (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).