Fulton Financial Announces Launch of Subordinated Notes Offerings

2/24/20

LANCASTER, Pa.--(BUSINESS WIRE)--Fulton Financial Corporation (NASDAQ: FULT)  announced that, subject to market and other conditions, it plans to offer subordinated notes due 2030 and subordinated notes due 2035. The offering of the 2030 Notes is not conditioned upon the offering of the 2035 Notes, and the offering of the 2035 Notes offering is not conditioned upon the offering of the 2030 Notes.

Piper Sandler & Co. and Keefe, Bruyette & Woods, A Stifel Company are acting as the bookrunning managers for the offerings, and Goldman Sachs & Co. LLC and Wells Fargo Securities are acting as co-managers.

Fulton intends to use the net proceeds of the offerings for general corporate purposes.

About Fulton Financial Corporation

Fulton, a $22 billion, Lancaster, Pa.-based financial holding company, has approximately 3,600 employees and operates approximately 230 branches in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through Fulton Bank, N.A.