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First Horizon National plans minimum $400 million offering of notes
By Andrea Heisinger
New York, Dec. 13 - First Horizon National Corp. is planning a minimum $400 million offering of senior notes, according to a 424B3 filing with the Securities and Exchange Commission.
The notes will be used to repurchase outstanding cumulative preferred stock, series CPP, and to redeem $103 million principal amount of 8.07% junior subordinated deferrable interest debentures.
If the note sale is not completed, the company will not be allowed to redeem the junior subordinated notes.
Goldman Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. Inc. may be the bookrunners for the note sale.
The financial holding company is based in Memphis.
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