Preferred Stock Calendar: IberiaBank selling noncumulatives

On The Horizon

IBERIABANK CORP.:

• Series B fixed-to-floating rate noncumulative perpetual preferred stock

• BofA Merrill Lynch and UBS Securities LLC (bookrunners)

• Redeemable Aug. 1, 2025 or within 90 days of a regulatory capital treatment event at par plus accrued dividends

• Proceeds for general corporate purposes, potential strategic acquisitions and investments to support subsidiary growth

• Lafayette, La.-based financial holding company

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.