Cadence Bancorporation Announces Proposed Secondary Offering of Class A Common Stock by Cadence Bancorp,
LLC
Cadence Bancorporation (NYSE: CADE) today announced the commencement of a registered public secondary offering of 15,000,000
shares of Class A common stock, or approximately 17.9% of Cadence Bancorporation’s outstanding Class A common stock. All of the
shares sold in the offering will be sold by Cadence Bancorp, LLC.
The underwriters will have a 30-day option to purchase up to an additional 2,250,000 shares of Class A common stock from Cadence
Bancorp, LLC. Cadence Bancorporation is not selling any shares of Class A common stock and will not receive any proceeds from the
proposed offering. The proposed offering will not change the number of shares of Class A common stock that are currently
outstanding. Upon completion of the offering, assuming that the underwriters’ option to purchase additional shares is not
exercised, Cadence Bancorp, LLC will own approximately 47.7% of Cadence Bancorporation’s outstanding Class A common stock.
Goldman Sachs & Co. LLC, J.P. Morgan, Morgan Stanley, Keefe, Bruyette & Woods, a Stifel Company, Sandler O’Neill +
Partners, L.P., Barclays and RBC Capital Markets are acting as joint book-running managers. Stephens Inc. is acting as
co-manager.
This offering will be made only by means of a prospectus. Copies of the preliminary prospectus supplement and the related
prospectus relating to the proposed offering may be obtained by contacting (i) Goldman Sachs & Co. LLC, Attention: Prospectus
Department, 200 West Street, New York, NY 10282, by phone at (866) 471‐2526 or by email at prospectus-ny@ny.email.gs.com or (ii) J.P. Morgan, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling toll‐free at (866) 803‐9204. Copies of the
preliminary prospectus supplement and the related prospectus may also be obtained free of charge from the website of the U.S.
Securities and Exchange Commission (the “SEC”) at http://www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction.
About Cadence Bancorporation
Cadence Bancorporation is a $11 billion in assets regional bank holding company headquartered in Houston, Texas. Through its
affiliates, Cadence operates 65 locations in Alabama, Florida, Texas, Mississippi and Tennessee, and provides corporations,
middle-market companies, small businesses and consumers with a full range of innovative banking and financial solutions. Services
and products include commercial and business banking, treasury management, specialized lending, commercial real estate, foreign
exchange, wealth management, investment and trust services, financial planning, retirement plan management, business and personal
insurance, consumer banking, consumer loans, mortgages, home equity lines and loans, and credit cards. Clients have access to
leading-edge online and mobile solutions, interactive teller machines, and 56,000 ATMs. The Cadence team of 1,200 associates is
committed to exceeding customer expectations and helping their clients succeed financially. Cadence Bank, N.A., Cadence Insurance,
and Linscomb & Williams are direct or indirect subsidiaries of Cadence Bancorporation.
Cautionary Statement Regarding Forward-Looking Information
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements reflect our current views with respect to, among other things, the launch and completion of
the secondary offering of our Class A common stock. These statements are often, but not always, made through the use of words or
phrases such as “may,” “should,” “could,” “predict,” “potential,” “believe,” “will likely result,” “expect,” “continue,” “will,”
“anticipate,” “seek,” “estimate,” “intend,” “plan,” “projection,” “would” and “outlook,” or the negative version of those words or
other comparable words of a future or forward-looking nature. These forward-looking statements are not historical facts, and are
based on current expectations, estimates and projections about our industry, management’s beliefs and certain assumptions made by
management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, we caution you that any
such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties
that are difficult to predict. Although we believe that the expectations reflected in these forward-looking statements are
reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the
forward-looking statements. The foregoing factors should not be construed as exhaustive and should be read together with the other
cautionary statements included in the registration statement on Form S-3, including the preliminary prospectus supplement and the
related prospectus, we have filed with the SEC. If one or more events related to these or other risks or uncertainties materialize,
or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. Accordingly,
you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the
date on which it is made, and we do not undertake any obligation to publicly update or review any forward-looking statement,
whether as a result of new information, future developments or otherwise. New factors emerge from time to time, and it is not
possible for us to predict which will arise. In addition, we cannot assess the impact of each factor on our business or the extent
to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any
forward-looking statements.
Cadence Bancorporation
Media contact:
Danielle Kernell, 713-871-4051
danielle.kernell@cadencebank.com
or
Investor relations contact:
Valerie Toalson, 713-871-4103 or 800-698-7878
vtoalson@cadencebancorporation.com
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