Hancock Whitney Issues Senior Subordinated Notes
Ticker: HWCPZ · Form: 8-K · Filed: Dec 12, 2024 · CIK: 750577
| Field | Detail |
|---|---|
| Company | Hancock Whitney CORP (HWCPZ) |
| Form Type | 8-K |
| Filed Date | Dec 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $3.33 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, financing, notes
Related Tickers: HWC
TL;DR
HWC just dropped an 8-K about issuing new debt. Watch out for leverage.
AI Summary
On December 9, 2024, Hancock Whitney Corporation filed an 8-K report detailing the issuance of Senior Subordinated Notes. The filing also includes information regarding the par value of its common stock, which is $3.33 per share. This report was filed with the SEC on December 12, 2024.
Why It Matters
This filing indicates Hancock Whitney Corporation is raising capital through debt, which could impact its leverage and future financial flexibility.
Risk Assessment
Risk Level: medium — Issuing subordinated debt can increase financial risk and leverage for the company.
Key Numbers
- $3.33 — Common Stock Par Value (Per share value of Hancock Whitney's common stock.)
Key Players & Entities
- Hancock Whitney Corporation (company) — Registrant
- December 09, 2024 (date) — Earliest event date
- December 12, 2024 (date) — Filing date
- Senior Subordinated Notes (financial_instrument) — Debt issuance
- $3.33 (dollar_amount) — Par value of common stock
FAQ
What is the aggregate principal amount of the Senior Subordinated Notes issued?
The filing does not specify the aggregate principal amount of the Senior Subordinated Notes issued.
What is the interest rate on the Senior Subordinated Notes?
The filing does not disclose the interest rate for the Senior Subordinated Notes.
What is the maturity date of the Senior Subordinated Notes?
The maturity date for the Senior Subordinated Notes is not provided in this filing.
Are there any specific covenants or restrictions associated with these Senior Subordinated Notes?
This 8-K filing does not detail specific covenants or restrictions related to the Senior Subordinated Notes.
What is the purpose of issuing these Senior Subordinated Notes?
The filing does not explicitly state the purpose for the issuance of the Senior Subordinated Notes.
Filing Stats: 548 words · 2 min read · ~2 pages · Grade level 12.1 · Accepted 2024-12-12 17:00:34
Key Financial Figures
- $3.33 — nge on which registered COMMON STOCK, $3.33 PAR VALUE HWC The Nasdaq Stock Mark
Filing Documents
- hwc-20241209.htm (8-K) — 42KB
- hwc-ex99_1.htm (EX-99.1) — 9KB
- img88180657_0.jpg (GRAPHIC) — 29KB
- 0000950170-24-135879.txt ( ) — 236KB
- hwc-20241209.xsd (EX-101.SCH) — 45KB
- hwc-20241209_htm.xml (XML) — 6KB
01 Other Events
Item 8.01 Other Events. On December 9, 2024, the Board of Directors (the "Board") of Hancock Whitney Corporation (the "Company") authorized a stock buyback program (the "Stock Buyback Program") pursuant to which the Company may, from time to time, purchase up to 5% of the shares of Company common stock outstanding as of December 31, 2024. The shares may be repurchased in the open market, by block purchase, through accelerated share repurchase plans, in privately negotiated transactions or otherwise, in one or more transactions, from time to time, depending upon market conditions and other factors, and in accordance with applicable regulations of the Securities and Exchange Commission. The Stock Buyback Program is effective on January 1, 2025 and has an expiration date of December 31, 2026 and does not obligate the Company to purchase any shares. The Stock Buyback Program may be terminated or amended by the Board at any time prior to the expiration date. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press Release dated December 12, 2024
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. H ancock Whitney Corporation Date: December 12, 2024 By: /s/ Michael M. Achary Michael M. Achary Chief Financial Officer