SunTrust Banks plans to conduct offering of fixed-rate notes

By Devika Patel

Knoxville, Tenn., April 24 – SunTrust Banks, Inc. plans to price an offering of fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will have a make-whole call and then a par call.

SunTrust Robinson Humphrey Inc., Barclays, Morgan Stanley & Co. LLC and RBC Capital Markets Corp. are the bookrunners.

Proceeds will be used for general corporate purposes, including securities repurchase programs, capital expenditures, working capital, long-term and short-term debt repayment or reduction and acquisitions.

SunTrust is an Atlanta-based financial services company.

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