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Simmons First National closes common stock offering
[November 19, 2009]

Simmons First National closes common stock offering


Nov 19, 2009 (Datamonitor via COMTEX) -- Simmons First National, a US-based financial holding company, has raised $64.92 million through its public offering by issuing 2.65 million shares of its common stock.

The net proceeds of the offering after deducting underwriting discounts and commissions and estimated offering expenses were approximately $61.4 million.

The company has granted the underwriters a 30-day option to purchase up to an additional 397,500 shares of the company's common stock to cover over-allotments, if any.

Stephens is serving as lead bookrunner and Stifel, Nicolaus & Company is serving as joint bookrunner for the offering. Raymond James & Associates is serving as co-manager.

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