Regions Financial said it completed the public offering of 20,000,000 Series F Depositary Shares on July 29, 2024, each representing a 1/40th interest in a share of Series F Preferred Stock, and that proceeds before offering expenses were $490,141,000.

1. 01

   Regions Financial said it completed the public offering of 20,000,000 Series F Depositary Shares on July 29, 2024, each representing a 1/40th interest in a share of Series F Preferred Stock, and that proceeds before offering expenses were $490,141,000.

2. 02

   The company said it filed a Certificate of Designations with the Delaware Secretary of State on July 25, 2024 to set the rights of the Series F Preferred Stock, with a liquidation preference of $1,000 per share and a par value of $1 per share.

3. 03

   The company said that if it does not declare and pay, or set aside, dividends on the Series F Preferred Stock for the last preceding dividend period, its ability to pay dividends on or repurchase, redeem or otherwise acquire common stock and junior or parity stock is restricted.

4. 04

   Regions Financial said it entered into an Underwriting Agreement dated July 22, 2024 with Morgan Stanley & Co. LLC, BofA Securities Inc., Goldman Sachs & Co. LLC and others, and that the depositary under its Deposit Agreement dated July 29 is Broadridge Corporate Issuer Solutions, LLC.

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Original filing

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