#United States #Senior Notes #Salt Lake City #Zions Bancorporation #NASDAQ ZION

Zions Bancorporation Announces Pricing of Senior Notes

In a recent announcement, Zions Bancorporation, N.A. (NASDAQ: ZION) reported the pricing of $500 million in fixed-to-floating rate senior notes. This public offering, identified by CUSIP: 98971DAE0, is initially set to mature on February 9, 2029, and will be settled on February 9, 2026, pending customary closing conditions.

Key Features of the Offering

The annual interest rate for the fixed period, lasting until February 9, 2028, has been established at 4.483%. Following this period, the notes will transition to a floating rate tied to the Compounded SOFR plus a supplementary 1.055% spread. Furthermore, Zions Bancorporation retains the option to redeem these notes in full, beginning on February 9, 2028, at 100% of their principal amount plus any accrued interest not yet settled.

The underwriters for this offering include leading financial institutions such as BofA Securities, Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC, who served as bookrunners.

Strategic Financial Management

Zions plans to utilize the funds acquired from this offering to diminish its short-term borrowings. In a proactive step to manage interest rate exposure, the company has executed a receive-fixed fair value hedge against the notes during the specified fixed rate duration. This strategy effectively transitions the interest expense to a floating rate, thus mitigating potential sensitivities regarding interest rate fluctuations.

About Zions Bancorporation

Zions Bancorporation is recognized as one of the premier financial services entities in the United States, boasting approximately $89 billion in total assets as of December 31, 2025, and generating an impressive net revenue of $3.4 billion for the year 2025. The banking institution operates across 11 western states—including Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming—through a structure that emphasizes local leadership and distinct branding.

Their culture fosters recognition; Zions regularly receives accolades from national and state surveys focusing on customer satisfaction, particularly within small and middle-market banking. Moreover, they are acknowledged leaders in public finance advisory services and Small Business Administration lending. Additionally, Zions features in important market indices such as the SP MidCap 400 and NASDAQ Financial 100.

For more insights and updates from Zions Bancorporation, visit their official website at www.zionsbancorporation.com.

Looking Ahead

It's important for investors and market participants to stay informed about Zions' direction, especially given the forward-looking statements included in their disclosures. These statements reflect management's insights and expectations related to future corporate strategies and market conditions, emphasizing the need for caution and diligence among investors.

In conclusion, with the launch of the new senior notes, Zions Bancorporation reinforces its commitment to sound financial management and strategic growth within the competitive banking landscape.