Renasant Corporation Announces Pricing of $200 Million Offering of Common Stock

Summary of Renasant Corporation's Public Offering Core Viewpoint Renasant Corporation has announced a public offering of common stock, aiming to raise approximately $190 million for general corporate purposes, including investments in Renasant Bank and future strategic acquisitions. Group 1: Offering Details - The Corporation is offering 6,250,000 shares of common stock at a public price of $32.00 per share, totaling an aggregate offering amount of $200 million [5] - Underwriters have a 30-day option to purchase an additional 937,500 shares at the public offering price, less underwriting discounts [5] - The expected net proceeds from the offering, after deducting underwriting discounts, will be approximately $190 million [1] Group 2: Company Background - Renasant Corporation is the parent company of Renasant Bank, which has been in operation for 120 years [8] - The Corporation has assets of approximately $17.5 billion and operates 185 banking, lending, mortgage, and wealth management offices across several states, including Mississippi, Tennessee, Alabama, Florida, Georgia, North Carolina, and South Carolina [8] Group 3: Management and Underwriters - Stephens Inc. is acting as the lead book-running manager for the offering, with Raymond James & Associates, Inc. as the joint book-running manager [6] - Additional co-managers for the offering include Janney Montgomery Scott LLC, Piper Sandler & Co., and Hovde Group, LLC [6]