ZB’s $500 Million Offering

August 27, 2018

Cleary Gottlieb was counsel to the distribution agents, led by Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC in an offering of $500 million aggregate principal amount of 3.500 percent senior notes due 2021, by ZB, N.A., a subsidiary of Zions Bancorporation.

The notes were offered under the exemption from registration in Section 3(a)(2) of the Securities Act of 1933, as amended. The offering priced on August 22, 2018, and closed on August 27, 2018.

Cleary has acted as counsel on behalf of the underwriters for various offerings by Zions Bancorporation and its subsidiaries since September 2008.

ZB, N.A. is a national banking association with its main office in Salt Lake City, Utah. Its parent, Zions Bancorporation, is a financial holding company organized under the laws of the State of Utah and registered under the Bank Holding Company Act of 1956, as amended. Zions Bancorporation is one of the nation’s premier financial services companies with total assets exceeding $65 billion, and it operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.