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Title of Each Class of Securities to be Registered
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Maximum Aggregate
Offering Price |
| |
Amount of
Registration Fee(1) |
| ||||||
5.000% Fixed-to-Floating Rate Senior Notes due June 15, 2030
|
| | | $ | 100,000,000 | | | | | $ | 12,980.00 | | |
| | |
Per Senior Note
|
| |
Total
|
| ||||||
Public offering Price(1)
|
| | | | 100.00% | | | | | $ | 100,000,000 | | |
Underwriting discounts and commissions
|
| | | | 1.00% | | | | | $ | 1,000,000 | | |
Proceeds, before expenses, to us
|
| | | | 99.00% | | | | | $ | 99,000,000 | | |
| US Bancorp | | |
Morgan Stanley
|
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Page
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Prospectus Supplement
|
| | | | | | |
| | | | S-1 | | | |
| | | | S-2 | | | |
| | | | S-3 | | | |
| | | | S-4 | | | |
| | | | S-6 | | | |
| | | | S-11 | | | |
| | | | S-19 | | | |
| | | | S-20 | | | |
| | | | S-21 | | | |
| | | | S-34 | | | |
| | | | S-37 | | | |
| | | | S-42 | | | |
| | | | S-44 | | | |
| | | | S-47 | | | |
| | | | S-47 | | | |
Prospectus
|
| | | | | | |
| | | | 2 | | | |
| | | | 3 | | | |
| | | | 4 | | | |
| | | | 5 | | | |
| | | | 7 | | | |
| | | | 8 | | | |
| | | | 10 | | | |
| | | | 25 | | | |
| | | | 25 | | | |
| | | | 25 | | | |
| | | | 26 | | |
| | |
As of March 31, 2020
|
| |||||||||
| | |
Actual
|
| |
As Adjusted
|
| ||||||
| | |
(unaudited) (in thousands)
|
| |||||||||
Federal Home Loan Bank advances and other borrowings over one year
|
| | | $ | 0 | | | | | $ | 0 | | |
Long-term debt:
|
| | | | | | | | | | | | |
5.00% Senior Notes due 2022
|
| | | | 50,000 | | | | | | 50,000 | | |
5.50% Senior Notes due 2027
|
| | | | 35,000 | | | | | | 35,000 | | |
6.25% Subordinated Notes due 2025
|
| | | | 11,250 | | | | | | 11,250 | | |
4.50% Subordinated Notes due 2028
|
| | | | 100,000 | | | | | | 100,000 | | |
5.00% Senior Notes due 2030
|
| | | | — | | | | | | 100,000 | | |
Trust preferred securities
|
| | | | 25,002 | | | | | | 25,002 | | |
Total long-term debt
|
| | | | 221,252 | | | | | | 321,252 | | |
Shareholders’ equity:
|
| | | | | | | | | | | | |
Common stock, $1 par value; 150,000,000 shares authorized; 78,283,544 shares issued and outstanding, actual and as adjusted, respectively
|
| | | | 78,284 | | | | | | 78,284 | | |
Common stock issuable; 588,445 shares
|
| | | | 10,534 | | | | | | 10,534 | | |
Series I Non-Cumulative Preferred Stock — $25,000 liquidation preference per share, no shares issued and outstanding (actual) and 4,000 shares issued and outstanding (as adjusted)
|
| | | | — | | | | | | 100,000 | | |
Capital surplus
|
| | | | 1,478,719 | | | | | | 1,478,719 | | |
Retained earnings
|
| | | | 54,206 | | | | | | 49,182 | | |
Accumulated other comprehensive loss
|
| | | | 18,868 | | | | | | 18,868 | | |
Total shareholders’ equity
|
| | | | 1,640,612 | | | | | | 1,735,587 | | |
Total capitalization
|
| | | $ | 1,861,864 | | | | | $ | 2,056,839 | | |
Underwriter
|
| |
Principal
Amount of Senior Notes |
| |||
U.S. Bancorp Investments, Inc.
|
| | | $ | 60,000,000 | | |
Morgan Stanley & Co. LLC
|
| | | $ | 40,000,000 | | |
Total
|
| | | $ | 100,000,000 | | |
|
Per Senior Note
|
| | | $ | 10.00 | | |
|
Total
|
| | | $ | 1,000,000 | | |
| |
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense. An investment in securities of United Community Banks, Inc. is not insured by the Federal Deposit Insurance Corporation or any other government agency.
|
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Page
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| | | | 2 | | | |
BUSINESS | | | | | 3 | | |
| | | | 4 | | | |
| | | | 5 | | | |
| | | | 7 | | | |
| | | | 8 | | | |
| | | | 10 | | | |
| | | | 25 | | | |
| | | | 25 | | | |
| | | | 25 | | | |
| | | | 26 | | |
|
US Bancorp
|
| |
Morgan Stanley
|
|
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