STI » Topics » SCHEDULE II

This excerpt taken from the STI 8-K filed Jul 1, 2009.

Schedule II

Contact Persons for Confirmation

 

Name

  

Phone Number

[]    []
This excerpt taken from the STI 8-K filed Jun 5, 2009.

SCHEDULE I

 

Underwriters

   Number of
Firm Securities
to be
Purchased
   Maximum number
of

Optional Securities
that can be
Purchased

Morgan Stanley & Co. Incorporated

   30,240,000    4,536,000

Sandler O’Neill & Partners, L.P.

   30,240,000    4,536,000

SunTrust Robinson Humphrey, Inc.

   23,760,000    3,564,000

Goldman, Sachs & Co.

   23,760,000    3,564,000
         

Total:

   108,000,000    16,200,000
         

 

I-1


This excerpt taken from the STI 8-K filed Nov 5, 2007.

SCHEDULE II

$500,000,000 5.250% Senior Notes due November 2012

 

Issuer:    SunTrust Banks, Inc. (“SunTrust”)
Title of Securities:    Fixed Rate Senior Notes
Ratings:    Aa3 / A+ / A+ (Moody’s / S&P / Fitch)
Issue Size:    $500,000,000
Trade Date:    October 31, 2007
Time of Delivery:    November 5, 2007: 10:00 a.m.
Location of Closing:    Sullivan & Cromwell LLP, 125 Broad Street, New York, New York 10004
Address for Notices:    SunTrust Robinson Humphrey, Inc., 3333 Peachtree Rd, 11th Floor, Atlanta, GA 30318
Maturity Date:    November 5, 2012
Treasury Benchmark:    3.875% due October 31, 2012
Treasury Yield:    4.077%
Spread to Treasury:    + 125bps
Re-offer Yield:    5.327%
Coupon:    5.250%
Interest Payment Dates:    May 5 and November 5 of each year, commencing May 5, 2008
Business Day:    New York and Atlanta
Day Count:    30 / 360
Redemption:    The notes will not be subject to redemption at SunTrust’s option or repayment at the option of the holder at any time prior to maturity.

 

1


Ranking:    The notes will be senior unsecured indebtedness of SunTrust Banks, Inc. and will be effectively subordinated to secured indebtedness and indebtedness of SunTrust’s subsidiaries.
Use of Proceeds:    Net proceeds will be used for general corporate purposes.
Denominations:    Minimum denominations of $5,000 and multiples of $1,000 in excess thereof
Price to Public:    99.665%
Gross Spread:    0.300%
Purchase Price:    $496,825,000
Listing:    None
CUSIP/ISIN:    867914BB8 / US867914BB86
Joint Book-Runners:    SunTrust Robinson Humphrey, Inc.
   Morgan Stanley & Co. Incorporated
Co-Managers:    Banc of America Securities LLC
   BNP Paribas Securities Corp.
   Citigroup Global Markets Inc.
   Credit Suisse Securities (USA) LLC
   Goldman, Sachs & Co.
   Merrill Lynch, Pierce, Fenner & Smith Incorporated
This excerpt taken from the STI 8-K filed Sep 10, 2007.

SCHEDULE II

6.000% Senior Notes due September 2017

 

Issuer:    SunTrust Banks, Inc. (“SunTrust”).
Title of Securities:    SunTrust Banks, Inc. 6.000% Fixed Rate Senior Notes
Ratings:    Aa3 / A+ / A+ (Moody’s / S&P / Fitch)
Issue Size:    $500,000,000
Trade Date:    September 5, 2007
Time of Delivery:    September 10, 2007: 10:00 a.m.
Location of Closing:    Sullivan & Cromwell LLP, 125 Broad Street, New York, New York 10004
Address for Notices:    SunTrust Robinson Humphrey, Inc., 3333 Peachtree Rd, 11th Floor, Atlanta, GA 30318
Maturity Date:    September 11, 2017
Treasury Benchmark:    4.750% due August 15, 2017
Treasury Yield:    4.471 %
Spread to Treasury:    + 153 bps
Re-offer Yield:    6.001%
Coupon:    6.000%
Interest Payment Dates:    September 11 and March 11 of each year, commencing March 11, 2008
Business Day:    New York and Atlanta
Day Count:    30 / 360
Redemption:    The notes will not be subject to redemption at SunTrust’s option or repayment at the option of the holder at any time prior to maturity.

 

1


Ranking:    The notes will be senior unsecured indebtedness of SunTrust Banks, Inc. and will be effectively subordinated to secured indebtedness and indebtedness of SunTrust’s subsidiaries.
Use of Proceeds:    Net proceeds will be used for general corporate purposes, which may include repayment of $350 million of debt securities upon maturity in October 2007.
Denominations:    Minimum denominations of $5,000 and multiples of $1,000 in excess thereof
Price to Public:    99.992 %
Gross Spread:    0.45%
Purchase Price:    $497,710,000
Listing:    None
CUSIP/ISIN:    867914 AZ6 / US867914AZ63
Joint Book-Runners:    SunTrust Robinson Humphrey, Inc.
   Merrill Lynch, Pierce, Fenner & Smith Incorporated
Co-Managers:    Banc of America Securities LLC
   Goldman, Sachs & Co.
   Lehman Brothers Inc.
   Morgan Stanley & Co. Incorporated
   Sandler O’Neill & Partners, L.P.
   UBS Securities LLC
This excerpt taken from the STI 8-K filed Dec 21, 2006.

Schedule 2

SCHEDULE OF EXCHANGES FOR NOTES REPRESENTED

BY A PERMANENT BEARER GLOBAL NOTE OR FOR DEFINITIVE BEARER NOTES,

This excerpt taken from the STI 8-K filed Dec 6, 2006.

SCHEDULE I

 

Underwriters

  

Number of

Trust Preferred

Securities

to be

Purchased

Goldman, Sachs & Co.

   325,000

SunTrust Capital Markets, Inc.

   275,000

Citigroup Global Markets Inc.

   250,000

Credit Suisse Securities (USA) LLC

   50,000

J.P. Morgan Securities Inc.

   50,000

Sandler O’Neill & Partners, L.P.

   50,000
    

Total:

   1,000,000
    

 

I-1


This excerpt taken from the STI 8-K filed Oct 25, 2006.

Schedule III

SUNTRUST BANKS, INC./SUNTRUST PREFERRED CAPITAL I

October 18, 2006

FINAL TERM SHEET

500,000 PPS

SunTrust Preferred Capital I

5.853% Fixed-to-Floating Rate Normal Preferred Purchase Securities

(liquidation amount $1,000 per security)

fully and unconditionally guaranteed, as described in the prospectus, by

SunTrust Banks, Inc.

 

Issuer of PPS:    SunTrust Preferred Capital I (the “Trust”).

Issuer of Preferred Stock

under Stock Purchase

  
Contract Agreement and Junior   
Subordinated Notes and   
Guarantor of PPS:    SunTrust Banks, Inc. (“SunTrust”)
Size:    500,000 Normal PPS, liquidation amount $1,000 per security and $500,000,000 in the aggregate. The 500,000 Normal PPS, together with the $1,000,000 of Trust Common Securities to be purchased by SunTrust, correspond to:
  

•      5,010 Stock Purchase Contracts, stated amount $100,000 per Stock Purchase Contract and $501,000,000 in the aggregate (obligating the Trust to purchase on the Stock Purchase Date 5,010 shares of Preferred Stock with an aggregate liquidation preference of $501,000,000), and

  

•      $501,000,000 initial principal amount of Junior Subordinated Notes.

Distributions on PPS:    Normal PPS: Payable on each Regular Distribution Date:
  

•      from October 25, 2006 through the later of December 15, 2011 and the Stock Purchase Date, accruing at a rate equal to 5.853% per annum for each Distribution Period ending prior to such date, and thereafter accruing at an annual rate equal to the greater of (i) Three-Month LIBOR for such Distribution Period plus 0.645% and (ii) 4.000%; and


  

•      on a cumulative basis for each Regular Distribution Date to and including the Stock Purchase Date and on a non-cumulative basis thereafter.

   Stripped PPS: Payable on each Regular Distribution Date on or prior to the Stock Purchase Date:
  

•      at the rate of 0.265% per annum, accruing for each Stripped PPS from the Regular Distribution Date immediately preceding its issuance; and

  

•      on a cumulative basis.

   Capital PPS: Payable on each Capital PPS Distribution Date prior to the Stock Purchase Date at the rate of 5.588% per annum, accruing for each Capital PPS from the Capital PPS Distribution Date immediately preceding its issuance.
Interest Rate on Junior   
Subordinated Notes to the Remarketing   
Settlement Date:    5.588% per annum, accruing from October 25, 2006.
Reset Caps on   
Remarketing of Junior   
Subordinated Notes:    The Fixed Rate Reset Cap will be the prevailing market yield, as determined by the Remarketing Agent, of the benchmark U.S. treasury security having a remaining maturity that most closely corresponds to the period from such date until the earliest date on which the Junior Subordinated Notes may be redeemed at SunTrust’s option in the event of a successful Remarketing, plus 350 basis points, or 3.500% per annum, and the Floating Rate Reset Cap will be 300 basis points, or 3.000% per annum.
Contract Payment Rate:    0.265% per annum, accruing from October 25, 2006.
Dividend Rate on the   
Preferred Stock:    For any Dividend Period ending prior to December 15, 2011, 5.853% per annum.

 

4


   For any Dividend Period ending after December 15, 2011, a rate per annum equal to the greater of (x) Three-Month LIBOR for the related Dividend Period plus 0.645% and (y) 4.000%.
Interest Rate on   
SunTrust Bank Deposit   
Pledged to Secure Stock   

Purchase Contracts

between Remarketing

  
Settlement Date and   
Stock Purchase Date:    5.097% per annum.
Offering Price,   
Proceeds before Expenses and Commissions to the   
Underwriters:    Initial Public Offering Price: $1,000 per Normal PPS, $500,000,000 in the aggregate.
   Proceeds before Expenses to SunTrust: $1,000 per Normal PPS, $500,000,000 in the aggregate.
   Commissions to the Underwriters: $15 per Normal PPS, $7,500,000 in the aggregate.
   Selected Dealer Allowance: Not applicable.
Trade Date:    October 18, 2006.
Settlement Date:    October 25, 2006.
SunTrust’s Estimated   
Total Out-of-Pocket   
Expenses, Excluding   
Underwriting   
Commissions:    $1,397,725.
Expected Net Proceeds to SunTrust from the   
Offering, after Expenses and Underwriting   
Commissions:    $491,102,275.

 

5


Capitalization of SunTrust   
as of September 30, 2006   
As Adjusted to Give Effect to the Offering   
($ in millions):    Adjusted notes issued to trusts formed to issue trust preferred securities — $2,384,485; adjusted total long-term debt — $17,978,276; adjusted additional paid in capital — $6,729,450; adjusted treasury stock, at cost and other — $(946,036); adjusted total shareholders’ equity — $18,091,197; adjusted total long-term debt and shareholders’ equity — $36,069,473. The capitalization of SunTrust as of September 30, 2006 as adjusted to give effect to the offering reflects the application of the net proceeds from the offering to repurchase shares of SunTrust’s common stock pursuant to an accelerated share repurchase program.
This excerpt taken from the STI 8-K filed Sep 12, 2006.

SCHEDULE II

 

(a) Issuer Free Writing Prospectuses: None

Other Free Writing Prospectuses: None

 

(b) Additional Documents Incorporated by Reference: None

 

S-II-1


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