United Community Banks, Inc. Announces Subordinated Notes Offering

Wednesday, January 10th, 2018

United Community Banks, Inc., the holding company of United Community Bank, announced its plans to issue $85,000,000 aggregate principal amount of subordinated notes due January 2028 in an underwritten public offering.

Morgan Stanley & Co. LLC and Sandler O'Neill + Partners, L.P. are acting as joint book-running managers for the offering.

United intends to use the net proceeds from this offering for the financing of the cash consideration payable by United in connection with its acquisition of NLFC Holdings Corp. and its wholly-owned subsidiary Navitas Credit Corp., and for general corporate purposes, which may include the potential repayment or redemption of trust preferred securities and other indebtedness and other acquisitions.

The offering is subject to market conditions, and there can be no assurance as to whether the offering will be completed, or as to the actual size or terms of the offering.