Co-Manager
Cadence Bancorporation
Equity Capital Markets
Secondary Offering
Transaction Details
- On November 8, 2017, Cadence Bancorporation (NYSE: CADE) priced a registered public secondary offering
- The offering consists of 9,500,000 shares of Class A common stock sold by Cadence Bancorp, LLC
- The underwriters will have a 30-day option to purchase up to an additional 1,425,000 shares of the Class A Common Stock from Cadence Bancorp, LLC
- Upon completion of the offering, Cadence Bancorp, LLC will own approximately 78.3% of the Company’s outstanding Class A common stock
- The offering priced at $22.00 per share for an aggregate offering value of $209.0 million
- Stephens Inc. served as a co-manager on this secondary offering and previously served as a co-manager of the Company’s IPO
About the company
Cadence Bancorporation is a $10.5 billion in assets regional bank holding company headquartered in Houston, Texas. Through its affiliates, Cadence operates 65 locations in Alabama, Florida, Mississippi, Tennessee and Texas as of September 30, 2017, and provides corporations, middle-market companies, small businesses and consumers with a full range of innovative banking and financial solutions. Services and products include commercial and business banking, treasury management, specialized lending, commercial real estate, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, business and personal insurance, consumer banking, consumer loans, mortgages, home equity lines and loans, and credit cards. Clients have access to leading-edge online and mobile solutions, interactive teller machines, and over 55,000 ATMs.
Sources: Company filings and press release.
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The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link: https://www.sec.gov/Archives/edgar/data/1614184/000119312517334285/d433245ds1.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.