-Synovus Financial Corp. (NYSE: SNV) announced today the expiration and final results of its previously announced cash tender offer (the “Tender Offer”) to purchase up to $150 million in aggregate principal amount of its outstanding 5.900% Fixed-to-Fixed Rate Subordinated Notes due Feb. 7, 2029 (the “2029 notes”).

On Nov. 17, 2023, Synovus purchased $82,382,000 aggregate principal amount of the 2029 notes had been validly tendered and not validly withdrawn as of 5 p.m., New York City time, on Nov. 15, 2023 (the “Early Tender Time”). An additional $1,015,000 aggregate principal amount of the 2029 notes have been validly tendered and not validly withdrawn after the early tender time and prior to 5 p.m., New York City time, on Dec. 1, 2023 (the “Expiration Time”). These additional notes are being accepted by Synovus for purchase without proration. Synovus expects the final settlement date to occur on Dec. 5, 2023 for these additional notes.

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