The Firm represented Deutsche Bank Securities Inc., U.S. Bancorp Investments, Inc. and Macquarie Capital (USA) Inc., as the initial purchasers, in connection with the Section 3(a)(2) exempt offering of $175 million aggregate principal amount of 5.25% Subordinated Notes due 2026 by Texas Capital Bank, N.A. (“Texas Capital Bank”). The offering closed on January 31, 2014.
Texas Capital Bank will use the net proceeds of the offering to increase its Tier 2 capital and for general corporate purposes.
Texas Capital Bank, a national banking association and direct wholly owned subsidiary of Texas Capital Bancshares, Inc., is headquartered in Dallas, with primary banking offices in Austin, Dallas, Fort Worth, Houston, and San Antonio, the five largest metropolitan areas of Texas.
The Simpson Thacher team for the transaction included Lee Meyerson, Lesley Peng, Teresa Chen and William Allen (Capital Markets), Mark Chorazak (Bank Regulatory), David Rubinsky and Jennifer Pepin (Executive Compensation and Employee Benefits), Jonathan Cantor and Devin Heckman (Tax), Jennie Getsin and Andrew Pagliughi (FINRA and Blue Sky).