Deal Details
Initial Public Offering
Summary
Baird served as a co-manager on this offering
About
Cadence Bancorporation (NYSE: CADE) recently completed an initial public offering of 8,625,000 shares of common stock at a price of $20.00 per share, generating gross proceeds of $172.5 million. Cadence Bancorporation intends to use the proceeds to support its organic growth and for general corporate purposes, which may include repayment of debt, maintenance of its required regulatory capital, and potential future acquisition opportunities. Cadence Bancorporation, a bank holding company, is the parent company of Cadence Bank. Cadence Bank is a growth-oriented, middle-market focused commercial relationship bank providing a variety of deposit products and lending services to commercial and consumer customers, as well as wealth management, insurance and private banking services, through a network of 66 branches. Cadence Bank’s markets are broadly defined as Texas and the southeast region of the United States, consisting of Alabama, Florida, Texas, Mississippi and Tennessee. As of December 31, 2016, Cadence Bancorporation had $9.5 billion of assets. Cadence Bancorporation is headquartered in Houston, Texas.CONTACT US TO LEARN MORE
- Date
- April 2017
- Company
- Cadence Bancorporation
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
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