Cadence Bancorporation Announces Proposed Secondary Offering of Class A Common Stock by Cadence Bancorp, LLC
Cadence Bank (CADE)
Last cadence bank earnings: 4/29 06:31 am
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US:NASDAQ Investor Relations:
cadencebank.com/about/investor-relations-overview
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)-- Cadence Bancorporation (NYSE: CADE) today announced the commencement of a registered public secondary offering of 7,000,000 shares of Class A common stock, or approximately 8.4% of Cadence Bancorporation’s outstanding Class A common stock. All of the shares sold in the offering will be sold by Cadence Bancorp, LLC. Upon completion of the offering, Cadence Bancorp, LLC will own approximately 68.3% of Cadence Bancorporation’s outstanding Class A common stock. The underwriters will have a 30-day option to purchase up to an additional 1,050,000 shares of Class A common stock from Cadence Bancorp, LLC. Cadence Bancorporation is not selling any shares of Class A common stock and will not receive any proceeds from the proposed offering. The proposed offering will not change the number of shares of Class A common stock that are currently outstanding. Goldman Sachs & Co. LLC, J.
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