We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
First Horizon Corporation | NYSE:FHN | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.13 | 0.83% | 15.80 | 15.96 | 15.6025 | 15.85 | 11,332,061 | 01:00:00 |
First Horizon National Corp. (FHN) unveiled terms of its larger planned sale of $500 million in four-year senior notes, part of a larger capital raising to repay the government rescue funds.
The parent of First Tennessee Bank said in a statement the notes will carry an annual interest rate of 5.375%.
First Horizon on Monday unveiled plans to sell at least $250 million in stock, along with $400 million in debt, to pay back the $867 million it has outstanding under TARP and redeem another $103 million in debt.
Regional banks remain the biggest holders of TARP funds after large banks sprinted to pay back the loans to free themselves from increased regulation. Paybacks are expected to increase next year.
First Horizon in October posted an unexpected third-quarter profit as it cut the amount set aside to cover risky loans and revenue declined less than analysts expected.
Shares closed Wednesday at $10.65 and were inactive premarket. The stock is down 15% this year.
-By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com;
1 Year First Horizon Chart |
1 Month First Horizon Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions