Green Bancorp Inc. announced an underwritten public offering of 2 million common shares by selling shareholders.
The selling stockholders expect to grant the underwriters a 30-day option to buy up to an additional 300,000 shares of common stock. The Houston-based company will not receive any proceeds from the offering.
A prospectus lists the shareholders as Stephen Eisenstein, investment funds affiliated with Friedman Fleischer & Lowe LLC, investment funds affiliated with Harvest Partners and investment funds affiliated with Pine Brook Road Partners.
Barclays Capital Inc. is acting as the sole underwriter for the offering.
