Cadence Bancorporation Announces Pricing of Secondary Offering of Class A Common Stock by Cadence Bancorp,
LLC
Cadence Bancorporation (NYSE: CADE) today announced the pricing of its previously announced registered public secondary
offering. Cadence Bancorp, LLC will sell 12,500,000 shares of Cadence Bancorporation’s outstanding Class A common stock, or
approximately 14.9% of Cadence Bancorporation’s outstanding Class A common stock, at a public offering price of $28.40 per share
and a total offering size of $355 million, before deducting underwriting discounts and commissions and estimated offering expenses.
All of the shares sold in the offering will be sold by Cadence Bancorp, LLC.
The offering is expected to close on or about July 26, 2018, subject to customary closing conditions.
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, Cadence Bancorp, LLC will own approximately 25.9% of Cadence Bancorporation’s outstanding Class A
common stock.
Goldman Sachs & Co. LLC is acting as sole underwriter in the offering.
This offering will be made only by means of a prospectus. Copies of the final prospectus supplement, when available, and the
related prospectus relating to the proposed offering may be obtained by contacting Goldman Sachs & Co. LLC, Attention:
Prospectus Department, 200 West Street, New York, NY 10282, by phone at 1-866-471-2526 or by email at Prospectus-ny@ny.email.gs.com. Copies of the final prospectus supplement,
when available, 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 an $11.3 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 pricing 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 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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