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Security Details
- Coupon Rate
- 6.25%
- Liquidation Preference
- $25.00
- Call Price
- $25.00
- Call / Redemption Date
- 6/15/2025
- Maturity Date
- 6/15/2060
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 1.5625
- Distribution Dates
- 3/15, 6/15, 9/15 & 12/15
- Credit Ratings
- Moody's Baa3 · S&P BBB- (5/26/2025)
- Tax-Advantaged Dividends
- No
Security Profile
- CUSIP
- 410120406
- Market Cap
- Small Cap
- IPO
- 5/27/2020 · $25.00/share
- Parent Company
- Hancock Whitney Corp. (HWC)
Business: Hancock Whitney Corp., 6.25% Subordinated Notes due 2060, issued in $25 denominations, redeemable at the issuer's option on or after 6/15/2025 at $25 per note plus accrued and unpaid interest, and maturing 6/15/2060. <p> Interest distributions of 6.25% per annum ($1.5625 per annum or $0.390625 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. </p> This security is possibly subject to an early call as a result of the occurrence of certain tax or corporate events (see the prospectus for further information). This security was rated as Baa3 by Moody’s and BBB- by S&P at the date of its IPO. The Notes are unsecured, subordinated obligations of the company and will rank junior to the company's senior debt, equally with all existing and future unsecured, subordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: May 24, 2018 -- Today, Hancock Holding Company’s (Nasdaq:HBHC) shareholders overwhelmingly approved the company’s proposal to change the name of the organization from “Hancock Holding Company” to “Hancock Whitney Corporation.” Related to the name change, the company will also change its common stock ticker from “HBHC” to “HWC.” Both changes will become effective May 25, 2018. The company’s ticker for its exchange-traded debt (subordinated notes) will change from “HBHCL” to “HWCPL.”
Company Contact
- CEO
- John M. Hairston
- CFO
- Michael M. Achary
- Headquarters
- One Hancock Plaza, 2510 14th Street, Gulfport, MS 39501
- Phone
- 228-868-4000 · Toll-Free 800-448-8812
- Fax
- 228-868-4627
- Investor Relations
- Trisha Voltz Carlson · 504-299-5208 · InvestorRelations@hancockwhitney.com