TUPELO, Miss., Dec. 14, 2016 /PRNewswire/ -- Renasant
Corporation (NASDAQ: RNST) (the "Company"), the parent of Renasant
Bank, announced today the pricing of an underwritten public
offering of 1,900,000 shares of the Company's common stock at a
price to the public of $41.50 per
share, for gross proceeds of approximately $78.85 million. The net proceeds to the Company
after deducting underwriting discounts and commissions are expected
to be approximately $75.30 million.
The Company has granted the underwriters a 30-day option to
purchase up to an additional 285,000 shares of Renasant common
stock at the same price and on the same terms and conditions.
Keefe, Bruyette & Woods, A Stifel Company, and Sandler
O'Neill + Partners, L.P., acted as joint bookrunning managers, and
Raymond James & Associates, Inc.
and Stephens Inc. acted as co-managers.
The Company expects to close the transaction, subject to
customary conditions, on or about December
19, 2016. 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 U.S. Securities and Exchange Commission
("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.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:
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For
Media:
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For Financials:
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John
Oxford
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Kevin
Chapman
|
|
First Vice
President
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Executive Vice
President
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Director of Corp
Communication
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Chief Financial
Officer
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(662)
680-1219
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(662)
680-1450
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joxford@renasant.com
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kchapman@renasant.com
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SOURCE Renasant Corporation