The Firm represented IBERIABANK Corporation in connection with its public offering of 2,300,000 Depositary Shares, each representing a 1/400th interest in a share of its 6.6% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series C, par value $1 per share, with a liquidation preference of $10,000 per share. The offering closed on May 9, 2016.
IBERIABANK provides a broad array of commercial and retail banking products and services to customers throughout locations in Louisiana, Alabama, Florida, Arkansas, Tennessee, Texas and Georgia.
The Simpson Thacher team included Lee Meyerson, Lesley Peng, Tadashi Okamoto and Christine Marshall (Capital Markets); Mark Chorazak and Spencer Sloan (Bank Regulatory); Jonathan Cantor and Taylor Alexander (Tax); and Larry Moss and Jennifer Pepin (Executive Compensation and Employee Benefits).