Comerica Inc. (CMA) has released an update.
On January 30, 2024, Comerica Incorporated successfully completed a public offering of $1 billion in 5.982% Fixed-to-Floating Rate Senior Notes due in 2030. These Notes were issued in accordance with an Indenture from 2014 and its first supplemental indenture. The sale was conducted under an underwriting agreement with J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and RBC Capital Markets, LLC. The relevant details of the agreements and Notes were outlined in a prospectus supplement and are part of the company’s Registration Statement.
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For a comprehensive understanding of the announcement, you can read the full document here.
