Texas Capital Bancshares, Inc.’s $236.5 Million Common Stock Offering


Simpson Thacher represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, as the underwriters, in connection with a public offering of 3,450,000 shares, including option shares, of common stock of Texas Capital Bancshares, Inc. (“TCBI”)

The offering closed on December 2, 2016. Proceeds will be used to provide capital support for the growth of Texas Capital Bank and for other general corporate purposes.

TCBI, a financial holding company, is the parent of Texas Capital Bank, a national bank 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 (Picture), Lesley Peng, Rodrigo Surcan dos Santos and Michael Yan (Capital Markets); Mark Chorazak and Spencer Sloan (Bank Regulatory); David Rubinsky, Jennifer Pepin and Michael Cook (Executive Compensation and Employee Benefits); Robert Holo and William Smolinski (Tax); and Jennie Getsin (FINRA and Blue Sky).

Involved fees earner: Lee Meyerson – Simpson Thacher & Bartlett; Lesley Peng – Simpson Thacher & Bartlett; Rodrigo Surcan dos Santos – Simpson Thacher & Bartlett; Mark Chorazak – Simpson Thacher & Bartlett; Spencer Sloan – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Jennifer Pepin – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; William Smolinski – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Merrill Lynch, Pierce, Fenner & Smith Incorporated; Morgan Stanley; JP Morgan Securities;

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Author: Ambrogio Visconti