Hancock Holding (HBHC) Announces $152.65M Common Stock Offering
Down)
Hancock Holding Company (NASDAQ: HBHC) today announced that its public offering of 4,300,000 shares of its Common Stock has priced at $35.50 per share for gross proceeds of $152,650,000. The Company has granted the underwriters a 30-day option to purchase up to an additional 645,000 shares of Common Stock to cover over-allotments, if any.
Keefe, Bruyette & Woods, Inc. and Morgan Stanley acted as joint book-running managers, and Sterne Agee & Leach, Stifel Nicolaus & Co. and FIG Partners served as co-managers The Company intends to use the proceeds of the offering for general corporate purposes, which may include financing acquisition opportunities and other expansion efforts.
Keefe, Bruyette & Woods, Inc. and Morgan Stanley acted as joint book-running managers, and Sterne Agee & Leach, Stifel Nicolaus & Co. and FIG Partners served as co-managers The Company intends to use the proceeds of the offering for general corporate purposes, which may include financing acquisition opportunities and other expansion efforts.
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