Synovus to price $250 million seven-year bullet notes Feb. 6 week

By Paul A. Harris

Portland, Ore., Feb. 7 - Synovus Financial Corp. plans to price a $250 million offering of non-callable seven-year senior holding company notes (expected ratings B2/B/BB-) during the Feb. 6 week, according to a market source.

J.P. Morgan Securities LLC has the books for the notes, which have been registered with the Securities and Exchange Commission.

The Columbus, Ga.-based financial services holding company plans to use the proceeds to fund the tender offer for its 4 7/8% notes due 2013 and for general corporate purposes.

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