BancorpSouth Bank (NYSE: BXS) announced the signing of a definitive merger agreement with National United Bancshares, Inc., the parent company of National United, (collectively referred to as "National United"), pursuant to which National United will be merged with and into BancorpSouth. Under the terms of the merger agreement, BancorpSouth will issue 3,110,000 shares of common stock, plus $33.25 million in cash, for all outstanding shares of National United Bancshares, Inc. capital stock, subject to certain conditions and potential adjustments.
Waller provided counsel to BancorpSouth with respect to (i) the securities laws related aspects of the merger, including the preparation and distribution of joint proxy statements/prospectuses, special shareholders' meetings and related voting matters, merger consideration payment mechanics and target bank stock certificate exchange processes, and (ii) closing the merger.
Represented the lender in $17.8 million bridge loan to refinance a Michigan assisted living facility.
Represented a regional bank in providing a $2 million AR loan to finance the acquisition of two recently-acquired skilled nursing facilities in Georgia.
Represented a regional bank as a participant in a $25 million asset-based revolving line of credit to affiliated home health care and staffing companies in New York.