trending Market Intelligence /marketintelligence/en/news-insights/trending/we3dqa4xrfuoodz7tg_c7g2 content esgSubNav
In This List

Cadence Bancorp completes secondary common stock offering

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Cadence Bancorp completes secondary common stock offering

Cadence Bancorp LLC on May 25 completed a secondary offering of 18 million class A common shares of Cadence Bancorp. at $28.00 apiece, less underwriting discounts and commissions.

The underwriters also fully exercised the overallotment option to buy up to an additional 2.7 million shares.

Upon completion of the offering and the exercise of the option, Cadence Bancorp LLC held about 40.9% of the issued and outstanding class A common shares, down from 65.6% immediately before the offering was completed.

The underwriters were Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Keefe Bruyette & Woods Inc., Sandler O'Neill & Partners LP, Barclays Capital Inc., RBC Capital Markets LLC and Stephens Inc.