The Firm represented the underwriters, led by Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner and Smith Incorporated and J.P. Morgan Securities LLC, as joint book-running managers, in connection with a public offering of 6,000,000 shares of 6.50% Non-Cumulative Perpetual Preferred Stock, Series A, $0.01 par value per share, with a liquidation preference of $25 per share, of Texas Capital Bancshares, Inc. (“TCBI”). The offering closed on March 28, 2013.
TCBI will use the net proceeds of the offering for general corporate purpose.
TCBI, a financial holding company, is the parent of Texas Capital Bank, National Association, a national bank headquartered in Dallas, with banking offices in Dallas, Houston, Fort Worth, Austin and San Antonio, the state’s five largest metropolitan areas.
The Simpson Thacher team for the transaction included Lee Meyerson, Lesley Peng, Matthew Levy and Isaac Gruber (Capital Markets), Stacie McGinn and Mark Chorazak (Bank Regulatory), David Rubinsky (Executive Compensation and Employee Benefits), Jonathan Cantor and David Heckman (Tax) and Jennie Getsin (FINRA and Blue Sky).
