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Bracewell Represents Texas Capital Bancshares, Inc. and Texas Capital Bank N.A. in Offerings of Common Stock and Subordinated Notes Raising $287 Million

Bracewell & Giuliani LLP represented Texas Capital Bancshares, Inc. (“TCBI”) and its subsidiary, Texas Capital Bank N.A., in common stock and debt offerings totaling $287 million. The offering of 1.855 million shares of TCBI common stock, priced at $60.25 per share, closed January 27, 2014, after having been initially offered at a level of 1.25 million shares. Deutsche Bank Securities Inc. and Macquarie Capital (USA), Inc. served as joint bookrunning managers for the offering.

Bracewell also represented Texas Capital Bank N.A. in its issuance of $175 million of 5.25% Subordinated Notes due 2026 in a transaction exempt from registration under Section 3(a)(2) of the Securities Act of 1933. The note offering was launched between the announcement and closing of the TCBI common stock offering at an initial level of $125 million. The Notes were issued pursuant to a Purchase Agreement dated January 28, 2014 among TCBI, the Bank, Deutsche Bank Securities Inc., U.S. Bancorp Investments, Inc. and Macquarie Capital (USA) Inc. as representatives of the initial purchasers named therein.

The transactions were led by Senior Counsel Michael W. Tankersley and Counsel Kristen Cunningham.

Other Bracewell attorneys working on the transaction include:

Partners: William S. Anderson, Lance W. Behnke, John R. Brantley, Sanford M. Brown, and Nancy J. Nelson

Associates: Elizabeth B. Behncke, John English, Patrick R. Hanchey, and Joshua T. McNulty