Filed Pursuant to Rule 433
Issuer Free Writing Prospectus dated September 20, 2019
Registration No. 333-215610
Allegiance Bancshares, Inc.
$60,000,000
4.70% Fixed-to-Floating Rate Subordinated Notes due October 1, 2029
PRICING TERM SHEET
Issuer: | Allegiance Bancshares, Inc. (Nasdaq: ABTX) |
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Security: | 4.70% fixed-to-floating rate subordinated notes due October 1, 2029 (the “Notes”) |
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Security Rating:* | BBB- by Kroll Bond Rating Agency |
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Principal Amount: | $60,000,000 |
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Pricing Date: | September 20, 2019 |
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Settlement Date: | September 27, 2019 (T+5) |
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Stated Maturity Date: | October 1, 2029 |
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Subordination: | The Notes will be subordinate in right of payment to all senior indebtedness of the Issuer, as described in the preliminary prospectus supplement and the accompanying prospectus. |
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Price to Public: | 100% of Principal Amount |
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Use of Proceeds: | General corporate purposes, which may include working capital, repurchasing shares of the Issuer’s common stock, repaying indebtedness and redemption of the Issuer’s outstanding securities, providing capital to support the organic growth of Allegiance Bank or funding the opportunistic acquisition of similar or complementary financial service organizations, financing investments and capital expenditures and for investments in Allegiance Bank as regulatory capital. |
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Denominations: | $2,000 minimum denomination and $1,000 integral multiples thereof. |
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CUSIP / ISIN: | 01748HAA5 / US01748HAA59 |
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Sole Book-Running Manager: | Keefe, Bruyette & Woods, A Stifel Company |
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Co-Managers: | Stephens Inc. Raymond James Sandler O’Neill + Partners, L.P. |
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* Note: A rating is not a recommendation to buy, sell or hold securities. Ratings may be subject to revision or withdrawal at any time by the assigning rating organization. Each rating agency has its own methodology for assigning ratings and, accordingly, each rating should be evaluated independently of any other rating.
The Issuer has filed a registration statement (including a preliminary prospectus supplement and an accompanying prospectus) with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement, the final prospectus supplement (when available) and the prospectus in that registration statement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, you may obtain a copy of the prospectus by contacting Keefe, Bruyette & Woods, A Stifel Company at 787 Seventh Avenue, Fourth Floor, New York, NY 10019 or by calling 1-800-966-1559.
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