09 Dec 2025

Wachtell, Lipton Advises Synovus Bank on $500 Million Subordinated Notes Offering

"Wachtell, Lipton, Rosen & Katz acted as legal advisor to Synovus Bank on the closing of a $500 million offering of 5.957% fixed-to-fixed subordinated notes due 2036. The offering was effected pursuant to a purchase agreement dated December 2, 2025, among Synovus Bank, Synovus Financial Corp., BofA Securities and Keefe, Bruyette & Woods."

Wachtell, Lipton, Rosen & Katz served as legal advisor to Synovus Bank in connection with the transaction. On December 9, 2025, Synovus Bank closed an offering of $500 million aggregate principal amount of its subordinated notes. The securities consist of 5.957% fixed-to-fixed rate subordinated notes due 2036, issued pursuant to a purchase agreement dated December 2, 2025, among Synovus Bank, Synovus Financial Corp., BofA Securities, Inc. and Keefe, Bruyette & Woods, Inc. Wachtell, Lipton, Rosen & Katz represented Synovus Bank with a team composed by: Corporate: Brandon C. Price, Partner; Joseph S. Payne, Counsel; Matthew T. Carpenter, Associate; Ping-Chun Liu, Associate; Claire Y. Yang, Associate; Steven E. Wessman, Law Clerk. Executive Compensation and Benefits: Erica E. Aho, Partner; Alicia C. McCarthy, Counsel; Tallulah R. Tepper, Associate. Finance: Gregory E. Pessin, Partner; David G. Sheinfeld, Associate. Tax: T. Eiko Stange, Partner; Sarah Perez Berger, Associate.
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