Synovus Financial Corp. announced the pricing of its previously-announced underwritten public offering of $300 million of senior notes due 2022 (the “Notes”). The Notes will bear interest at a rate of 3.125% and will be issued at a price equal to 99.729% of their face value. The offering is expected to close on November 1, 2017, subject to customary closing conditions. Synovus intends to use the net proceeds from the offering, together with cash on hand, to redeem all $300 million aggregate principal amount of its 7.875% Senior Notes due 2019 (the “2019 Notes”) on November 9, 2017 at a “make whole” premium plus accrued but unpaid interest on the 2019 Notes to the redemption date and to pay the fees and expenses incurred in connection with the offering and the redemption. Any remaining net proceeds from the offering will be used for general corporate purposes.

Merrill Lynch, Pierce, Fenner & Smith Incorporated is the book-running manager for the offering, and Sandler O’Neill + Partners, L.P. is co-manager.