Simpson Thacher Represents the Underwriters in Subordinated Notes Offering by Texas Capital Bancshares, Inc.
09.27.12
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The Firm represented the underwriters, led by Deutsche Bank Securities Inc., U.S. Bancorp Investments, Inc., Macquarie Capital (USA) Inc. and Raymond James & Associates, Inc., in connection with the public offering of $111 million aggregate principal amount of 6.50% Subordinated Notes due 2042 by Texas Capital Bancshares, Inc. (“TCBI”).
TCBI will use the net proceeds of the offering for general corporate purpose, including providing capital support for the growth of their bank.
TCBI, a financial holding company, is the parent of Texas Capital Bank, National Association, a national bank headquartered in Dallas, with banking offices in Dallas, Houston, Fort Worth, Austin and San Antonio, the state’s five largest metropolitan areas.
The Simpson Thacher team for the transaction included Lee Meyerson, Lesley Peng, Will Golden and Rodrigo Surcan dos Santos (Capital Markets), Stacie McGinn and Mark Chorazak (Bank Regulatory), David Rubinsky and Jennifer Pepin (Executive Compensation and Employee Benefits), Jonathan Cantor and Anthony Minervini (Tax), Jennie Getsin (FINRA and Blue Sky).