Lead Manager
Mercantil Bank Holding Corporation
Equity Capital Markets
Initial Public Offering
Transaction Details
- On December 18, 2018, Mercantil Bank Holding Corporation (NASDAQ: AMTB and AMTBB) (the “Company”) announced the pricing of its initial public offering of 6,300,000 shares of its Class A common stock (the “Class A shares”) at a public offering price of $13.00 per share.
- Mercantil’s Class A shares and shares of its Class B common stock (the “Class B shares”) are listed on Nasdaq Global Select Market under the trading symbols “AMTB” and “AMTBB” respectively
- The offering consisted of 1,377,523 primary shares and 4,922,477 secondary shares
- Mercantil intends to use the net offering proceeds to:
- Repurchase approximately 1.42 million Class B shares held by the selling shareholder (or approximately 2.39 million Class B shares held by the selling shareholder if the underwriters exercise in full their option to purchase additional Class A shares)
- Mercantil has also granted the underwriters a 30-day option to purchase up to an additional 945,000 Class A shares at the public offering price, less the underwriting discount, to cover over-allotments
- Stephens Inc. served as Lead Manager on the offering
About the company
The Company is a bank holding company headquartered in Coral Gables, Florida. The Company operates through its subsidiaries, Amerant Bank, N.A. (the “Bank”), Amerant Investments, Inc. and Amerant Trust, N.A. The Company provides individuals and businesses in the U.S., as well as select international clients, with deposit, credit and wealth management services. The Bank, which has operated for almost 40 years, is the largest community bank headquartered in Florida. Amerant Bank operates 23 banking centers – 15 in South Florida and 8 in the Houston, Texas area, as well as a commercial real estate loan production office in New York City.
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/1734342/000119312518295574/d613972ds1.htm. Additionally, a copy of the Free Writing Prospectus may be obtained at the following link: https://www.sec.gov/Archives/edgar/data/1734342/000119312518334002/d641403dfwp.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.