Co-Manager
Fulton Financial Corp.
Debt Capital Markets
Preferred Equity Offering
Transaction Details
• On October 29, 2020, Fulton Financial Corporation (Nasdaq: FULT) (“Fulton”), the holding company for Fulton Bank, NA, announced the completion of its public offering of 8,000,000 depositary shares (the “depositary shares”)
• The depositary shares each represent a 1/40th interest in a share of Fulton’s 5.125% Fixed Rate NonCumulative Perpetual Preferred Stock, Series A, with a liquidation preference of $1,000 per share (equivalent to $25.00 per depositary share), for an aggregate offering amount of $200 million
• Fulton has applied to list the depositary shares on the NASDAQ Global Select Market under the symbol “FULTP”
• Fulton intends to use the net proceeds of the offering for general corporate purposes
About the company
Fulton Financial Corp.
Fulton, a $25.5 billion, Lancaster, Pa.-based financial holding company, has approximately 3,400 employees and operates approximately 225 branches in Pennsylvania, Maryland, Delaware, New Jersey, and Virginia through Fulton Bank, N.A.
Sources: Company Filings
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The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Fixed Income Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Fix ed Income SyndicateDesk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link: https://www.sec.gov/Archives/edgar/data/700564/000119312520276982/d20254d424b2.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.
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