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LAFAYETTE, The., March 28, 2019 / PRNewswire / – IBERIABANK Corporation (Nasdaq: IBKC) (the "Company"), a 132-year-old holding company of the IBERIABANK Group, today announced pricing of a public offering to the company. 39, subscribed savings of 4, 000 000 depositary shares, each representing an interest of 1/400 on a share of 6.100% Non-cumulative Fixed Dividend Preferred Shares, Series D, Denomination $ 1.00 per share, with a liquidation preference of $ 10,000 Series D Preferred Shares (equivalent to $ 25 by depositary share).
The Company will pay dividends on the Series D Preferred Shares on the date and as declared by the board of directors of the Corporation. Dividends will accumulate and will be payable from the date of the initial issue to May 1, 2024at a rate of 6,100% per annum, payable semi-annually on May 1st and November, 1st each year from the November 1, 2019 and ending on May 1, 2024. From, including, May 1, 2024dividends accumulate and are payable at a floating rate equal to three-month LIBOR plus a spread of 385.9 basis points per annum, payable quarterly, in arrears, on February 1st, May 1st, August 1, and November, 1st each year from the August 1, 2024, subject to any adjustments described in the Prospectus Supplement relating to the Offering. The Company may redeem the Series D Preferred Shares at its discretion, subject to the approval of May 1, 2024or as a result of a regulatory capital treatment event as described in the Prospectus Offering Supplement.
The Company expects to use the net proceeds of the Offering for general corporate purposes, including the repurchase of its common shares, potential future acquisitions of other financial services businesses, working capital requirements and investments in the Company. subsidiaries to support growth. The closing of the offer is scheduled for April 4, 2019, subject to customary closing conditions.
Merrill Lynch, Pierce, Fenner & Smith Incorporated and Keefe, Bruyette & Woods, Stifel, act jointly as book managers. Evercore ISI and Sandler O Neill + Partners, LP, act as co-managers.
The Series D Preferred Shares and the Custodian Shares will be offered pursuant to the pre-registration statement filed with the Securities and Exchange Commission ("SEC"). This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities. There will be no offer or sale of such securities in any jurisdiction where such an offer, solicitation or sale would be unlawful prior to registration or qualification. securities laws of that jurisdiction.
The Company has filed with the SEC a registration statement (including a preliminary prospectus supplement and prospectus) relating to the Offer to which this disclosure relates. Before investing, you should read these documents and other documents that the company has filed with the SEC to obtain more complete information about the company and this offer. These documents are available free of charge by visiting EDGAR on the SEC's website at www.sec.gov. If you request it, the book managers will send you the Prospectus Supplement and Prospectus by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated, NC1-004-03-43, 200 North College Street, 3rd Floor , Charlotte NC 28255-0001, to the attention of the Prospectus Department, by e-mail at the address [email protected] or by phone at 1-800-294-1322 or through Keefe, Bruyette & Woods, Stifel Company at 787 Seventh Avenue, Fourth Floor, New York, NY 10019, by e-mail at [email protected], by fax at 212-581-1592 or by phone at 1-800-966-1559.
IBERIABANK Corporation
IBERIABANK Corporation, a Louisiana company, is a financial company with establishments in Louisiana, Arkansas, Tennessee, Alabama, Texas, Florida, Georgia, Caroline from the south, North Carolina, Mississippi, Missouri and New York, offering commercial banking, private banking, consumer services, small business, wealth management and trust services, retail brokerage, mortgages and other services. title insurance.
Caution regarding forward-looking statements
This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act, 1995. They are generally identified by terms such as "may", "believe", "expect", "anticipate", "will," "should," "should," "plan," "estimate," " to predict "," continue "and" potential "or the negative of these terms or any other similar terminology Forward-looking statements represent management's beliefs, based on the information available at the time of reporting, with respect to the matters they are not guarantees of future performance.) Forward-looking statements are subject to numerous badumptions, risks and uncertainties that change over time and that could result in a material difference between the actual results and the financial position of those expressed or otherwise disclosed. These factors may lead to or contribute to such differences, but may include, but are not limited to, the level of market volatility, our ability to to execute our growth strategy, including the availability of future bank acquisition opportunities, our ability to achieve our revenue and improve our efficiency. initiatives, unexpected losses related to the completion and integration of mergers and acquisitions, and other risk factors and influences contained in the precautionary statement included in "Management's Discussion and Analysis of Financial Condition and Results of Operations". "and" Risk Factors "of the Company's Form 10-K for the year ended December 31, 2018under "Risk Factors" in the preliminary prospectus supplement filed in connection with the offering and other documents filed by the Company with the SEC. All information in this discussion is as of the date of this press release. Except to the extent required by applicable law or regulation, the Company badumes no obligation to publicly revise or update any forward-looking statements, for any reason whatsoever.
SOURCE Corporation IBERIABANK
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