First Horizon Completes $393M Preferred Stock Offering, Bolstering Capital

summarizeSummary

First Horizon completed its $393.25 million offering of Series H Non-Cumulative Perpetual Preferred Stock, strengthening its capital structure.

check_boxKey Events · Financing and Capital Events · FHN

• Preferred Stock Offering Completed

  First Horizon Corporation completed the sale of 16,000,000 depositary shares, representing Series H Non-Cumulative Perpetual Preferred Stock, raising approximately $393.25 million.

• Capital Structure Impact

  The Series H Preferred Stock ranks senior to common stock for dividend payments and liquidation preferences, and includes provisions restricting common stock dividends or repurchases if preferred dividends are not paid.

• Follows Prior Pricing

  This transaction finalizes the terms and pricing of the offering that was initiated and priced on March 5, 2026.

auto_awesomeAnalysis · FHN · Finance

First Horizon Corporation has successfully completed the sale of Series H Non-Cumulative Perpetual Preferred Stock, raising approximately $393.25 million. This transaction finalizes the offering that was priced on March 5, 2026, and strengthens the company's capital position. The preferred stock ranks senior to common stock for dividends and liquidation, and includes standard provisions such as dividend restrictions on common stock if preferred dividends are not paid. This significant capital raise enhances financial stability and provides additional resources for general corporate purposes.