First Horizon National Prices $100 Mln Public Offering Of Depositary Shares - InvestingChannel

First Horizon National Prices $100 Mln Public Offering Of Depositary Shares

First Horizon National Corp. (FHN: Quote) announced the pricing of an underwritten public offering of $100 million aggregate liquidation preference amount of depositary shares, each representing 1/4,000th interest in a share of its Non-Cumulative Perpetual Preferred Stock, Series A, at a fixed annual dividend rate of 6.20 percent.

First Horizon said it intends to use the net proceeds of this offering for general corporate purposes.

First Horizon expects to close the transaction on or about January 31, 2013, subject to the satisfaction of customary closing conditions.

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by RTT Staff Writer

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