other material
confidence high
sentiment neutral
materiality 0.70
Renasant prices $200M common stock offering of 6.25M shares at $32.00 per share
RENASANT CORP
- Aggregate offering of 6,250,000 shares at $32.00 per share; net proceeds ~$190M.
- Underwriters granted 30-day option to purchase up to an additional 937,500 shares.
- Proceeds to support growth, investments in Renasant Bank, and future strategic acquisitions.
- Stephens Inc. lead book-runner; Raymond James, Janney, Piper Sandler, Hovde co-managers.
- Offering expected to close July 31, 2024, subject to customary conditions.