Phelps Advises Renasant Corporation on $300 Million Subordinated Notes Offering

Phelps advised Renasant Corporation (NYSE: RNST), the parent company of Renasant Bank, in connection with its public offering and sale of $300 million 6.25% fixed-to-floating rate subordinated notes due 2036.

The company intends to use the net proceeds from the offering for general corporate purposes, including the potential redemption of certain outstanding subordinated notes.

More information about the transaction can be found in the company’s press release.

The Phelps deal team included business lawyers Mark Fullmer, Bart Bacigalupi, Andrew Meaders, and Bo Marcus, tax lawyer Ryan Moon, and executive compensation and employee benefits lawyer Michael Williams.