Joint Bookrunner
Franklin Financial Network, Inc.
Equity Capital Markets
Follow-On Offering
Transaction Details
- On November 16, 2016, Franklin Financial Network, Inc. (NYSE: FSB) (“Franklin” or the
- “Company”) priced a Follow-on Offering for a total deal value of $62.4 million
- The deal was upsized to 1,950,000 shares of common stock and priced at $32.00 per share
- All primary shares were offered by the Company
- The Company intends to use the net proceeds from this offering to support continued organic growth, augment its capital position and reduce real estate concentration ratios and for general corporate purposes, including investment in the corporate infrastructure required for a rapidly growing public company. The Company may also retain an amount of proceeds at the holding company level sufficient to service up to six quarters of interest payments on its outstanding subordinated notes
- Stephens Inc. served as a Joint Bookrunner in the offering
About the company
Franklin Financial Network, Inc. is a financial holding company headquartered in Franklin, Tennessee. The Company's wholly owned bank subsidiary, Franklin Synergy Bank, a Tennessee-chartered commercial bank founded in November 2007 and a member of the Federal Reserve System, provides a full range of banking and related financial services with a focus on service to small businesses, corporate entities, local governments and individuals. With consolidated total assets of $2.70 billion at September 30, 2016, the Bank currently operates through 12 branches and one loan production office in the demographically attractive and growing Williamson, Rutherford and Davidson Counties, all within the Nashville metropolitan statistical area. Additional information about the Company, which is included in the NYSE Financial-100 Index, and the FTSE Russell 2000 Index, is available at www.FranklinSynergyBank.com.
Sources: Company filings.
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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/1407067/000119312516769041/d295515d424b5.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.