SVB Financial Group (NASDAQ: SIVB) today priced an underwritten offering of $500 million in aggregate principal amount of its 3.125% senior notes due 2030. The Notes will be sold at 99.923% of the principal amount and will bear interest semi-annually. The offering is expected to close on June 5, 2020. SVB intends to use the net proceeds of the offering for general corporate purposes.

BofA Securities, Inc. and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering. SVB Leerink LLC is acting as co-manager.

About SVB Financial Group

For more than 35 years, SVB Financial Group (NASDAQ: SIVB) and its subsidiaries have helped innovative companies and their investors move bold ideas forward, fast. SVB Financial Group's businesses, including Silicon Valley Bank, offer commercial and private banking, asset management, private wealth management, brokerage and investment services and funds management services to companies in the technology, life science and healthcare, private equity and venture capital, and premium wine industries. Headquartered in Santa Clara, California, SVB Financial Group operates in centers of innovation around the world.