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First Horizon Announces Public Offering of Depositary Shares
Jan 24 - First Horizon National Corp. in Memphis, Tenn., (NYSE:FHN) has announced a public offering of depositary shares, each representing 1/4,000th interest in a share of its non-cumulative perpetual preferred stock, series A. First Horizon intends to grant the underwriters a 30-day option to purchase additional depositary shares solely to cover over-allotments, if any. First Horizon intends to use the net proceeds of this offering for general corporate purposes.
J.P. Morgan Securities LLC, Citigroup Global Markets Inc., and Goldman, Sachs & Co. are acting as joint book-running managers for the depositary shares offering.
The offering will be made under First Horizon's shelf registration statement filed with the Securities and Exchange Commission.