Associated Banc-Corp has raised $300 million in a sale of senior unsecured notes. The company will use a part of the proceeds to buy back $262.5 million of the $525 million of the Series A preferred stock that it issued to the U.S. Treasury Department as part of its Capital Purchase Program. JP Morgan Securities and Deutsche Bank Securities are acting as joint bookrunners for the offering. Barclays Capital Credit Suisse Securities, Goldman Sachs and US Bancorp Investments are acting as co-managers for the offering. The notes carry a coupon rate of 5.125%, and are due to mature on March 28, 2016.

Click here for the release from Associated Banc-Corp.