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Sole Bookrunning Manager

Independent Bank Group, Inc.

$136.7 Million 11/29/2017 Depository Complete
Public Companies
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Transaction Details

  • On November 29, 2017 – Independent Bank Group, Inc. (Nasdaq: IBTX), the holding company for Independent Bank, announced the pricing of an underwritten public offering of 2,135,506 shares of its common stock at $64.00 per share
  • The total offering consisted of 2,135,506 shares or $136.7 million
  • Primary shares of 390,000 or $25.0 million
  • Secondary shares of 1,745,506 or $111.7 million – offered by four private equity groups who acquired the shares in connection with the acquisition of Carlile Bancshares, Inc. in April 2017
  • IBTX intends to use the net offering proceeds from the primary shares issued for:
  • Supporting continued growth through acquisitions and organic growth
  • General corporate purposes
  • The underwriters have been granted a 30-day option to purchase up to an additional 58,500 shares of common stock from Independent Bank Group and up to an aggregate of 154,453 additional shares of common stock from certain of the selling shareholders
  • Stephens Inc. served as Sole Bookrunning Manager on the offering

About the company

Independent Bank Group, through its wholly owned subsidiary, Independent Bank, provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Independent Bank Group operates in four market regions located in the Dallas/Ft. Worth, Austin, and Houston, Texas and the Colorado Front Range areas.

Sources: Company filings.
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.

    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/1564618/000119312517353992/d488081d424b7.htm. Additionally, a copy of the Free Writing Prospectus may be obtained at the following link: https://www.sec.gov/Archives/edgar/data/1564618/000119312517354043/d501149dfwp.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.