SVB Financial Group Announces Debt Buyback Offer Of $500M (SIVB)

SVB Financial Group SIVB announced on April 21, 2011 that its wholly-owned subsidiary, Silicon Valley Bank, commenced cash tender offers to repurchase certain of its outstanding notes in order to reduce its debt.  SVB is offering to repurchase for cash any and all of its 5.700% Senior Notes due 2012 and any and all of its 6.050% Subordinated Notes due 2017.  The repurchase of the Notes will be funded by cash on hand.