Renasant Corporation | Stephens

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We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

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Renasant Corporation

$200 Million 11/23/2021 Depository Complete
Public Companies
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Transaction Details

  • On November 23, 2021, Renasant Corporation (Nasdaq: RNST) (the “Company”), the parent company of Renasant Bank (the “Bank”), closed its public offering of $200 million of Fixed-to-Floating Rate Subordinated Notes (the “Notes”) due 2031
  • From and including December 1, 2026 to, but excluding, the Maturity Date or the date of earlier redemption, the Notes will bear interest at a floating rate per annum equal to the Benchmark rate (which is expected to be Three-Month Term SOFR) plus a spread of 191 basis points
  • The Company intends to use the net proceeds from this offering for general corporate purposes, which may include providing capital to support our organic growth or growth through strategic acquisitions, redeeming or repaying indebtedness, financing investments, capital expenditures and for investments in the Bank as regulatory capital

About the company

Renasant Corporation is the parent of Renasant Bank, a 117-year-old financial services institution. Renasant has assets of approximately $16.2 billion and operates more than 195 banking, mortgage, financial services and insurance offices in Mississippi, Tennessee, Alabama, Georgia, Florida, North Carolina and South Carolina.

Sources: Company Filings, Company Website.
  1. The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Fixed Income Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Fixed Income Syndicate Desk, or from the Securities and Exchange Commission’s website at at the following link: 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of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.

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