ATLANTA, Dec. 6, 2019 /PRNewswire/ -- Ameris Bancorp
(Nasdaq: ABCB) (the "Company"), the parent holding company of
Ameris Bank (the "Bank"), announced
today the closing of its underwritten public offering of
$120 million of its 4.25% fixed-to-floating rate subordinated
notes due 2029 (the "Notes"). Sandler O'Neill + Partners, L.P.
acted as the sole underwriter for the offering.
The Company expects to use the net proceeds of this offering to
repay certain outstanding indebtedness and the remainder for
general corporate purposes.
Additional Information Regarding the Offering
This press release is for informational purposes only and is not
an offer to sell or the solicitation of an offer to buy any
securities of the Company nor will there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. The offering of Notes was registered under the
Securities Act of 1933, as amended, and issued under an effective
registration statement on Form S-3 (File No. 333-216254) filed by
the Company with the U.S. Securities and Exchange Commission
("SEC"). The offer and sale of the Notes was made only by means of
a prospectus supplement and accompanying prospectus related to the
offering. These documents are available at no charge by visiting
the SEC's website at http://www.sec.gov or by contacting Sandler
O'Neill + Partners, L.P., 1251 Avenue of the Americas, 6th Floor,
New York, New York 10020, Attn:
Syndicate Operations, Telephone Number: 1 (866) 805-4128.
About Ameris Bancorp
Ameris Bancorp is a bank holding company headquartered in
Atlanta, Georgia. The Company's
banking subsidiary, Ameris Bank, has
170 locations in Georgia,
Alabama, Florida and South
Carolina.
The Company's common stock trades on the Nasdaq Global Select
Market under the symbol "ABCB."
Forward-Looking Statements
This news release contains statements that constitute
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The words
"believe", "estimate", "expect", "intend", "anticipate" and similar
expressions and variations thereof identify certain of such
forward-looking statements, which speak only as of the dates which
they were made. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Readers are cautioned that any such forward-looking statements are
not guarantees of future performance and involve risks and
uncertainties and that actual results may differ materially from
those indicated in the forward-looking statements as a result of
various factors. Readers are cautioned not to place undue
reliance on these forward-looking statements and are referred to
the Company's periodic filings with the SEC for a summary of
certain factors that may impact the Company's results of operations
and financial condition.
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SOURCE Ameris Bancorp