Edition:
United Kingdom

IBERIABANK Announces Pricing of $50 Million Preferred Stock Offering


Wednesday, 4 May 2016 

IBERIABANK:Priced an underwritten registered public offering of 2 mln depositary shares.Says each depositary share representing a 1/400th interest in a share of 6.60% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series C, par value $1.00 per share, with a liquidation preference of $10,000 per share of Series C preferred stock.IBERIABANK expects to use the net proceeds from the offering for general corporate purposes.Keefe, Bruyette & Woods, A Stifel Company and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint book-running managers.Offering is expected to close on May 9, 2016, subject to customary closing conditions.