RICHMOND – Troutman Pepper Locke served as counsel to Atlantic Union Bankshares Corporation (Atlantic Union), a Virginia financial holding company and the parent company of Atlantic Union Bank, a Virginia state-chartered bank and the largest regional bank headquartered in Virginia, in connection with Atlantic Union’s underwritten public offering of $250 million in aggregate principal amount of its 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036.
Atlantic Union intends to use the net proceeds from this offering to repay its outstanding 4.25% Fixed-to-Floating Rate Subordinated Notes due 2029 and for general corporate purposes, including providing capital to Atlantic Union Bank to support its growth.
The Troutman Pepper Locke team that advised Atlantic Union was led by Seth Winter, Greg Parisi, Thomas Phelan, Jake Richards, Christopher Stock and Josh Eastwood.
Consistently recognized as a top-tier practice, Troutman Pepper Locke’s corporate attorneys leverage broad experience and deep industry knowledge to help clients navigate global markets and achieve their capital-raising objectives. The firm’s capital markets team is regularly recognized in industry league table rankings released by LSEG and Bloomberg, maintaining top rankings internationally and in the Americas. They focus on minimizing regulatory and economic risks while positioning clients for potential opportunities. The firm represents domestic and foreign issuers, underwriters, selling and controlling shareholders, and other market participants in a wide range of capital markets transactions.
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