News Column

Zions Bancorporation Announces Pricing of $525 Million Common Stock Offering

August 16, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- Zions Bancorporation ("Zions") announced that it has priced its public offering of $525 million of its common stock. The public offering price of each share of common stock is equal to $29.80. Net of commissions and fees, the proceeds to the Company are expected to be approximately $514.0 million.

Zions intends to use the net proceeds of this offering for general corporate purposes. Zions expects to close the sale of shares of common stock on July 31, 2014.

Zions has granted the underwriters a 30-day option to purchase up to an additional 15% of the amount of common stock offered.

Deutsche Bank Securities and Goldman, Sachs & Co. are serving as joint book-running managers for the offering.

Zions is one of the nation's premier financial services companies, consisting of a collection of great banks in select Western U.S. markets. Zions operates its banking businesses under local management teams and community identities in 11 Western and Southwestern states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming.

The shares will be issued pursuant to Zions' Registration Statement on Form S-3 (No. 333-195408) previously filed by Zions with the Securities and Exchange Commission (the "Commission"). The Registration Statement is effective. Copies of the applicable prospectus supplement and accompanying prospectus relating to the offering may be obtained when available by contacting Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, telephone: +1 (800) 503-4611, or by emailing: prospectus.CPDG@db.com, Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, New York 10282, telephone toll-free: 1-866-471-2526, facsimile: 212-902-9316 or by email: prospectus-ny@ny.email.gs.com or by telephone: 1-888?268?3937 or by visiting EDGAR on the Commission's website at www.sec.gov.

This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy common stock of Zions or any other securities and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Keywords for this news article include: Industry, Goldman Sachs, Banking and Finance, Financial Companies, Investment Companies, Zions Bancorporation.

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Source: Investment Weekly News


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