Zions Bancorporation Announces Pricing of $300 Million Senior Notes Offering

 Zions Bancorporation Announces Pricing of $300 Million Senior Notes Offering

PR Newswire

SALT LAKE CITY, June 10, 2013

SALT LAKE CITY, June 10, 2013 /PRNewswire/ -- Zions Bancorporation ("Zions" or
the "Company") (NASDAQ: ZION) announced today that it priced $300,000,000 of
fixed-rate senior unsecured notes (the "Notes") to mature on June 13, 2023
with a coupon of 4.50% in an underwritten public transaction. Net of
commissions and fees, the net proceeds to the Company are expected to be
approximately $297.2 million.

Zions intends to use the net cash proceeds from this offering for general
corporate purposes, which may include the redemption of certain securities.

Deutsche Bank Securities Inc., Goldman, Sachs & Co. and J.P. Morgan Securities
LLC served as active joint bookrunning managers for the offering. Macquarie
Capital (USA) Inc. and Zions Direct, Inc. served as passive joint bookrunning
managers for the offering.

Zions is one of the nation's premier financial services companies, consisting
of a collection of great banks in select Western U.S. markets. Zions operates
its banking businesses under local management teams and community identities
through nearly 500 offices in 10 Western and Southwestern states: Arizona,
California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah and
Washington. The company is a national leader in Small Business Administration
lending and public finance advisory services. In addition, Zions is included
in the S&P 500 and NASDAQ Financial 100 indices.

The notes will be issued pursuant to Zions' Registration Statement on Form S-3
(No. 333-173299) previously filed by Zions with the Securities and Exchange
Commission (the "Commission"). The Registration Statement is effective. Copies
of the applicable prospectus supplement and accompanying prospectus relating
to the offering may be obtained when available by contacting Deutsche Bank
Securities Inc., Attention: Prospectus Department, Harborside Financial
Center, 100 Plaza One, Floor 2, Jersey City, New Jersey 07311-3988, telephone
toll-free: 1-800-503-4611 or by email: prospectus.cpdg@db.com, Goldman, Sachs
& Co., Prospectus Department, 200 West Street, New York, New York 10282,
telephone toll-free: 1-866-471-2526, facsimile: 212-902-9316 or by email:
prospectus-ny@ny.email.gs.com, J.P. Morgan Securities LLC, 383 Madison Avenue,
3rd Floor, New York, NY 10179, Attention: Syndicate Desk, or by calling
1-212-834-4533, or by visiting EDGAR on the Commission's website at
www.sec.gov.

This press release is for informational purposes only and does not constitute
an offer to sell or the solicitation of an offer to buy senior notes of Zions
or any other securities and shall not constitute an offer, solicitation or
sale of any securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful.

This press release contains statements that relate to the projected or modeled
performance or condition of Zions and elements of or affecting such
performance or condition, including statements with respect to forecasts,
opportunities, models, illustrations, scenarios, beliefs, plans, objectives,
goals, guidance, expectations, anticipations or estimates, and similar
matters. These statements constitute forward-looking information within the
meaning of the Private Securities Litigation Reform Act. Actual facts,
determinations, results or achievements may differ materially from the
statements provided in this press release since such statements involve
significant known and unknown risks and uncertainties. Factors that might
cause such differences include, but are not limited to: competitive pressures
among financial institutions; economic, market and business conditions, either
nationally, internationally, or locally in areas in which Zions conducts its
operations, being less favorable than expected; changes in the interest rate
environment reducing expected interest margins; changes in debt, equity and
securities markets; adverse legislation or regulatory changes and/or
determinations; and other factors described in Zions' most recent annual and
quarterly reports. In addition, the statements contained in this press release
are based on facts and circumstances as understood by management of the
company on the date of this press release, which may change in the future.
Except as required by law, Zions disclaims any obligation to update any
statements or to publicly announce the result of any revisions to any of the
forward-looking statements included herein to reflect future events,
developments, determinations or understandings.

SOURCE Zions Bancorporation

Website: http://www.zionsbancorporation.com
Contact: James Abbott, Tel: (801) 844-7637
 
Press spacebar to pause and continue. Press esc to stop.