IBERIABANK Corporation Closes $506.3 Million Underwritten Public Offering of Shares of Common Stock

March 7, 2017

IBERIABANK Corporation (IBKC), the holding company of the 129-year-old IBERIABANK, closed its underwritten public offering of 6,100,000 shares of IBKC’s common stock at a price to the public of $83.00 per share, for gross proceeds to IBKC of approximately $506.3 million.

The company intends to use the proceeds of the offering, after underwriting discounts and commissions, to fund a portion of the approximately $803 million in cash consideration payable in connection with its announced acquisition of Sabadell United Bank, N.A., a wholly owned subsidiary of Banco de Sabadell, S.A., and to pay related fees and expenses. The offering was launched concurrently with the announcement of the acquisition.

S&C represented the underwriters, led by Goldman, Sachs & Co. and UBS Investment Bank as joint bookrunning lead managers.

The S&C team representing the underwriters included Mark Welshimer, Robert Buckholz, Steven Borenstein, Louis Argentieri and Derek Aud. Eric Wang, Michael Orchowski and Slki Hong advised on tax matters. Dennis Sullivan and Xiaodong Yi advised on derivatives matters. Tracey Russell advised on FINRA-related matters.