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SVB Fiscal Team Announces Pricing of $750 Million Chosen Stock Depositary Shares Presenting and $500 Million 1.800% Senior Notes Supplying

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SANTA CLARA, Calif., Jan. 26, 2021 /PRNewswire via COMTEX/ —
SANTA CLARA, Calif., Jan. 26, 2021 /PRNewswire/ — SVB Fiscal Team (“SVB”) (NASDAQ: SIVB) now announced the pricing of an underwritten featuring of 750,000 depositary shares, every single representing a 1/100th interest in a share of its Collection B Non-Cumulative Perpetual Most well-liked Inventory, liquidation amount $100,000 per share (equivalent to $1,000 per depositary share) at an aggregate presenting cost of $750 million.  SVB currently also introduced the pricing of an underwritten offering of $500 million in mixture principal total of its 1.800% Senior Notes thanks 2031 (the “Notes”). The Notes will be bought at 99.672% of the principal amount of money and will bear desire semi-on a yearly basis. Both equally choices are expected to shut to begin with on February 2, 2021, topic to customary closing conditions. SVB intends to use the internet proceeds of each choices for basic company functions.

Goldman Sachs & Co. LLC and BofA Securities, Inc. are acting as joint reserve-operating supervisors for the offerings. SVB Leerink LLC is performing as co-supervisor.

Each individual providing is staying made pursuant to an helpful shelf registration assertion, such as a prospectus and prospectus nutritional supplement, submitted by SVB with the U.S. Securities and Trade Fee (“SEC”). For every providing, traders must go through the prospectus in that registration assertion, the connected prospectus nutritional supplement and other documents SVB has filed with the SEC for a lot more entire data about SVB and the giving just before investing. These files might be attained for free of charge by viewing the SEC web-site at Alternatively, for each offering, SVB, any underwriter or any vendor participating in the presenting will set up to send you the prospectus contained in the registration statement, together with the related prospectus dietary supplement, if you request it by making contact with Goldman Sachs & Co. LLC at 1-866-471-2526 or by emailing [email protected] or BofA Securities, Inc. at 1-800-294-1322. This push release is for informational purposes only and does not constitute an give to sell, or a solicitation of an offer to get, these securities, nor shall there be any sale of these securities in any point out or jurisdiction in which such an provide, solicitation or sale would be illegal prior to registration or qualification below the securities legal guidelines of any these kinds of state or jurisdiction.

About SVB Fiscal Group
For extra than 35 several years, SVB Financial Team (NASDAQ: SIVB) and its subsidiaries have helped progressive organizations and their investors transfer daring suggestions ahead, quick. SVB Monetary Group’s firms, including Silicon Valley Lender, provide industrial and private banking, asset administration, private wealth management, brokerage and investment decision expert services and money management companies to firms in the engineering, lifestyle science and health care, private equity and venture money, and quality wine industries. Headquartered in Santa Clara, California, SVB Financial Group operates in facilities of innovation all-around the world. 

SVB Economic Group is the keeping corporation for all enterprise units and groups © 2021 SVB Financial Group. All rights reserved. SVB, SVB Financial Group, SILICON VALLEY Bank, MAKE Next Transpire NOW and the chevron gadget are emblems of SVB Fiscal Team, made use of below license. Silicon Valley Lender is a member of the FDIC and the Federal Reserve Process. Silicon Valley Bank is the California lender subsidiary of SVB Monetary Group.

Forward-Searching Statements
This push release is made up of forward-wanting statements inside of the meaning of the Personal Securities Litigation Reform Act of 1995. Forward-hunting statements are matter to known and not known pitfalls and uncertainties, quite a few of which may well be further than SVB Economical Group’s command. Forward-hunting statements are statements that are not historic specifics and generally can be identified by the use of this sort of words as “getting to be,” “could,” “will,” “need to,” “could,” “would,” “forecast,” “prospective,” “carry on,” “foresee,” “think,” “estimate,” “find,” “assume,” “plan,” “intend,” the detrimental of these terms or similar terminology. Even though SVB Financial Group thinks that the expectations reflected in SVB Money Group’s forward-looking statements are acceptable, SVB Money Group has centered these anticipations on its current beliefs as well as its assumptions, and this sort of expectations may well not confirm to be proper. Mainly because ahead-searching statements relate to the potential, they are subject matter to inherent uncertainties, risks and changes in situations that are complicated to forecast and quite a few of which are outside the house SVB Money Group’s manage. Forward-wanting statements related to the choices and SVB Financial Group’s real final results of operations and money efficiency could differ noticeably from those people expressed in or implied by SVB Financial Group forward-seeking statements (for case in point, due to the COVID-19 pandemic and its outcomes on the financial and enterprise environments in which SVB Economical Group operates). The forward-seeking statements provided in this disclosure are produced only as of the day of this disclosure. SVB Monetary Group does not intend, and undertakes no obligation, to update these ahead-searching statements.


Supply: SVB Financial Group

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