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Article: Zions Bancorporation Announces Equity Distribution Agreement and Commencement of Senior Notes Offering.
- Article from:
- Investment Weekly News
- Article date:
- October 3, 2009
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Zions Bancorporation ("Zions" or the "Company") (NASDAQ:ZION) announced that it entered into an equity distribution agreement with Goldman, Sachs & Co., pursuant to which the Company may offer and sell through or to Goldman, Sachs & Co. from time to time, shares of the Company's common stock, without par value, with an aggregate sales price of up to $250,000,000. The Shares will be issued pursuant to the Company's Registration Statement on Form S-3 (No. 333-158319) previously filed by the Company with the Securities and Exchange Commission (the "Commission"). It is anticipated that the shares of the Company's common stock will be issued over the next several quarters.
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