TUPELO, Miss., Dec. 13, 2016 /PRNewswire/ -- Renasant
Corporation (NASDAQ: RNST) (the "Company"), the parent of Renasant
Bank, announced today the commencement of an underwritten public
offering of approximately $65 million
of the Company's common stock. The Company also expects to grant to
the underwriters a 30-day option to purchase up to an additional
15% of the shares of common stock sold in the offering.
Keefe, Bruyette & Woods, A Stifel Company, and
Sandler O'Neill + Partners, L.P., will serve as joint bookrunning
managers with Raymond James &
Associates, Inc. and Stephens Inc. serving as co-managers. The
shares will be issued pursuant to a prospectus supplement and
prospectus filed as part of an effective shelf registration
statement filed with the U.S. Securities and Exchange Commission (
"SEC") on form S-3 (File No. 333-206966).
The Company expects to use the net proceeds of the offering for
general corporate purposes, which may include providing capital to
support growth organically or through strategic acquisitions of
other financial institutions or businesses related to banking,
repaying indebtedness, financing investments and capital
expenditures, and for investments in Renasant Bank as regulatory
capital.
This press release is for informational purposes only and is not
an offer to sell or the solicitation of an offer to buy any
securities of the Company, which is being made only by means of a
prospectus supplement and related base prospectus nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
The Company has filed a registration statement (File No.
333-206966) (including a base prospectus and a preliminary
prospectus supplement dated December 13,
2016) with the SEC for the offering to which this
communication relates. Prospective investors should read the
base prospectus in the registration statement, the preliminary
prospectus supplement and the other documents the Company has filed
with the SEC for more complete information about the Company and
the offering. These documents are available at no charge by
visiting the SEC's website at http://www.sec.gov. Copies of the
preliminary prospectus supplement and the accompanying prospectus
related to the offering may be obtained from the Company, the
underwriters or any dealer participating in the offering by
contacting: Keefe, Bruyette & Woods, A Stifel Company,
Equity Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019, by e-mail
USCapitalMarkets@kbw.com, by fax at 212-581-1592, or by calling
toll-free (800) 966-1559 or Sandler O'Neill + Partners, L.P. at
Attention: Syndicate, 1251 Avenue of the Americas, 6th Floor,
New York, NY 10020, or by calling
toll-free at 866-805-4128, or by e-mail at
syndicate@sandleroneill.commailto:prospectus@raymondjames.com.
ABOUT RENASANT CORPORATION:
Renasant Corporation is the parent of Renasant Bank, a
112-year-old financial services institution. Renasant has assets of
approximately $8.5 billion and
operates more than 175 banking, mortgage, financial services and
insurance offices in Mississippi,
Tennessee, Alabama, Florida and Georgia.
NOTE TO INVESTORS:
This news release may contain, or incorporate by reference,
statements which may constitute "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward looking statements usually include
words such as "expects," "projects," "anticipates," "believes,"
"intends," "estimates," "strategy," "plan," "potential," "possible"
and other similar expressions.
Prospective investors are cautioned that any such
forward-looking statements are not guarantees for future
performance and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. Important factors currently known
to management that could cause actual results to differ materially
from those in forward-looking statements include significant
fluctuations in interest rates, inflation, economic recession,
significant changes in the federal and state legal and regulatory
environment, significant underperformance in our portfolio of
outstanding loans, and competition in our markets. We undertake no
obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events
or changes to future operating results over time.
Contacts: For
Media:
|
For Financials:
|
John
Oxford
|
Kevin
Chapman
|
First Vice
President
|
Executive Vice
President
|
Director of Corp
Communication
|
Chief Financial
Officer
|
(662)
680-1219
|
(662)
680-1450
|
joxford@renasant.com
|
kchapman@renasant.com
|
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SOURCE Renasant Corporation