$1.5 Billion Offering by Regions Financial and Regions Bank

August 13, 2018

Cleary Gottlieb represented a syndicate led by RBC Capital Markets as underwriters in a $500 million SEC-registered offering of 3.800 percent fixed-rate senior notes due 2023 by Regions Financial Corporation and as initial purchasers in an unregistered offering of $500 million each of senior fixed-to-floating rate bank notes and senior floating-rate bank notes, both due 2021, by Regions Bank, a subsidiary of Regions Financial.

The offerings priced on August 8, 2018, and settled on August 13, 2018.

Regions Financial is a full-service provider of consumer and commercial banking, wealth management, and mortgage products and services.  It is a member of the S&P 500 Index and has $125 billion in assets.  Regions Financial and Regions Bank operate across the South, Midwest, and Texas.