other material
confidence high
sentiment neutral
materiality 0.60
First Horizon closes sale of 16M depositary shares of new Series H preferred stock
FIRST HORIZON CORP
- Completed sale of 16,000,000 depositary shares on March 12, 2026, each representing 1/4,000th interest in Series H Preferred.
- Underwriting syndicate led by Morgan Stanley, Citigroup, J.P. Morgan, RBC, and UBS Securities.
- Series H Preferred Stock (liquidation preference $100,000 per share) established via Articles of Amendment filed March 6.
- Common dividend restrictions apply if Series H Preferred dividends are not declared and paid.