Renasant markets $75 million 10-year fixed-to-floating rate subordinated notes

By Cristal Cody

Eureka Springs, Ark., Aug. 15 – Renasant Corp. intends to price an offering of 10-year fixed-to-floating rate subordinated notes (Kroll: BBB), according to an FWP filing with the Securities and Exchange Commission.

The notes are non-callable for five years.

Sandler O’Neill + Partners, LP is the lead bookrunner, and Keefe, Bruyette & Woods is a passive bookrunner. The co-manager is Raymond James.

Proceeds will be used for general corporate purposes.

Renasant is the parent company of Tupelo, Miss.-based Renasant Bank.

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