Renasant Closes Common Stock Offering
Tuesday, December 20th, 2016
Renasant Corporation, the parent of Renasant Bank, announced the closing of its underwritten public offering of 1,900,000 shares of the Company's common stock at a price to the public of $41.50 per share for gross proceeds of approximately $78.85 million. The net proceeds to the Company after deducting underwriting discounts and commissions are expected to be approximately $75.30 million. The Company has granted the underwriters a 30-day option to purchase up to an additional 285,000 shares of Renasant common stock. Keefe, Bruyette & Woods, A Stifel Company, and Sandler O'Neill + Partners, L.P. acted as joint bookrunning managers, and Raymond James & Associates, Inc. and Stephens Inc. acted as co-managers.