Associated Announces Redemption of Senior Bank Notes due 2021
Associated Banc-Corp (NYSE:ASB) announced the redemption of its 3.500% Fixed Rate Senior Notes due 2021, totaling $300 million.
Sentiment and the balance of points
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Rhea-AI Summary
Associated Banc-Corp (NYSE:ASB) announced the redemption of its 3.500% Fixed Rate Senior Notes due 2021, totaling $300 million. The redemption will be executed on July 13, 2021, at 100% of the principal amount plus accrued interest. Associated Banc-Corp, Wisconsin's largest bank holding company with total assets of $35 billion, operates more than 220 banking locations across several states, offering a diverse range of financial services.
Positive
- Redemption of $300 million senior notes improves the financial structure.
- Maintaining a strong asset base of $35 billion enhances investor confidence.
Negative
- None.
Details
News Market Reaction – ASB
The recorded move for ASB in the trading session of this news was -0.91%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
GREEN BAY, Wis., May 21, 2021 /PRNewswire/ -- Associated Banc-Corp (NYSE:ASB) ("Associated") today announced that its subsidiary, Associated Bank, N.A. (the "Bank"), has submitted a redemption notice to the issuing and paying agent for all of the Bank's outstanding
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of
FORWARD LOOKING STATEMENTS
Statements made in this document which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management's plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Such forward-looking statements may be identified by the use of words such as "believe," "expect," "anticipate," "plan," "estimate," "should," "will," "intend," "target," "outlook," "guidance," or similar expressions. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. Factors which may cause actual results to differ materially from those contained in such forward-looking statements include those identified in the Company's most recent Form 10-K and subsequent SEC filings. Such factors are incorporated herein by reference.
25328013.1
Investor Contact:
Ben McCarville, Vice President, Director of Investor Relations
920-491-7059
Media Contact:
Jennifer Kaminski, Vice President, Public Relations Senior Manager
920-491-7576
View original content:http://www.prnewswire.com/news-releases/associated-announces-redemption-of-senior-bank-notes-due-2021-301297115.html
SOURCE Associated Banc-Corp
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