GULFPORT, Miss., March 2, 2015 (GLOBE NEWSWIRE) -- Hancock Holding Company (HBHC) today announced the pricing of an offering of $150 million of its 5.95% Subordinated Notes due 2045. The notes are expected to trade on the Nasdaq Global Select Market under the ticker "HBHCL". The offering is expected to close on March 9, 2015, subject to the satisfaction or waiver of customary closing conditions.
The notes will qualify as Tier 2 regulatory capital for the company, and the company intends to use the proceeds for general corporate purposes, including common stock buybacks and supplementing existing capital.
Morgan Stanley & Co. LLC is acting as sole book-runner for the subordinated debt offering.
This announcement does not constitute an offer to buy or a solicitation to sell the subordinated notes. The issuer has filed a registration statement, including a preliminary prospectus supplement and accompanying prospectus, with the Securities and Exchange Commission ("SEC") for theRead More »from Hancock Announces Pricing of $150 Million of Subordinated Notes
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