Zions Bancorporation’s $500 Million Offering

October 29, 2019

Cleary Gottlieb was counsel to the distribution agents, led by Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC, in an offering of $500 million aggregate principal amount of 3.25% subordinated notes due 2029, by Zions Bancorporation, National Association (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 October 24, 2019, and closed on October 29, 2019.

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

Zions Bancorporation is a national banking association with its main office in Salt Lake City, Utah. It is one of the nation’s premier financial services companies with total assets exceeding $70 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.