First Horizon National to Sell New Preferred

Tennessee banker First Horizon National Corporation (FHN) will be selling a new issue of Non-Cumulative preferred stock.

The new issue will be rated BB- by Standard and Poors and Ba2 by Moodys—both non investment grade.

The company has one other preferred issue outstanding which can be seen here.

The preliminary prospectus can be found here.

mcg was on this one early as usual.

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