Investment Banking Transactions

	Date	Client	Type	Sub-Type	Amt.	Logo	Sector/Sub-Sector	Description	Tombstone Description	PSC Role
Published	06/02/2021	HBT Financial	Mergers & Acquisitions	Buy-Side	$42.5 Million	Image Image	Financial Services, Depositories	Piper Sandler served as buy-side advisor for HBT Financial on acquisition of NXT Bank	HBT Financial has acquired NXT Bank	Financial Advisor
Published	06/02/2021	Schumacher Electric	Financing, Debt Capital Markets	Senior Term Loan	$148.0 Million	Image Image	Services & Industrials, Transportation & Logistics	Piper Sandler served as sole debt placement agent for Schumacher Electric Corporation, a portfolio company of Lincolnshire Management, on its debt financing	Senior Term Loan	Sole Placement Agent
Published	06/02/2021	Midwest BankCentre	Debt Capital Markets - Depositories, Real Estate & Financial Services, Financing	Subordinated Notes	$10.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for Midwest BankCentre on a 4.00% fixed-to-floating subordinated notes offering due in 2036	Subordinated Notes	Sole Placement Agent
Published	06/01/2021	Centurion American Development Group	Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services	Senior Notes	$14.8 Million	Image	Financial Services, Real Estate	Piper Sandler served as sole placement agent for Centurion American Development Group on a 6.50% senior secured notes offering due in 2026	Senior Notes	Sole Placement Agent
Published	06/01/2021	Bamboo Ide8 Insurance Services	Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services	Revolving Credit Facility		Image	Financial Services, Insurance	Piper Sandler served as sole underwriter for Bamboo Ide8 Insurance Services on a credit facility	Credit Facility	Sole Underwriter
Published	06/01/2021	Ontarioro Teachers' Pension Plan (OTPP) & Burton's Biscuits Company	Mergers & Acquisitions	Sell-Side		Image Image Image	Consumer, Food & Beverage	Piper Sandler acted as sell-side advisor for Burton's Biscuits, a portfolio company of OTPP, on sale to Ferrero	Burton's Biscuits, a portfolio company of OTPP, has been acquired by Ferrero	Financial Advisor
Published	06/01/2021	BayFirst Solutions	Mergers & Acquisitions	Sell-Side		Image Image Image	Technology, Defense & Government	Piper Sandler served as sell-side advisor for BayFirst Solutions on its sale to Versar, a portfolio company of Kingswood Capital Management	BayFirst Solutions has been acquired by Versar, a portfolio company of Kingswood Capital Management	Financial Advisor
Published	06/01/2021	Community Bankers Trust Corporation	Mergers & Acquisitions	Sell-Side	$303.3 Million	Image Image	Financial Services, Depositories	Piper Sandler served as sell-side advisor for Community Bankers Trust Corporation on sale to United Bankshares, Inc.	Community Bankers Trust Corporation has been acquired by United Bankshares, Inc.	Financial Advisor
Published	06/01/2021	Ready Capital	Financing, Equity Capital Markets	Preferred Stock	$115.0 Million	Image	Financial Services, Real Estate	Piper Sandler served as bookrunner for Ready Capital on a 6.50% fixed-rate non-cumulative perpetual preferred stock offering	Preferred Stock	Active Bookrunner
Published	06/01/2021	Isabella Bank Corporation	Debt Capital Markets - Depositories, Real Estate & Financial Services, Financing	Subordinated Notes	$30.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for Isabella Bank Corporation on a 3.25% fixed-to-floating rate subordinated notes offering due in 2031	Subordinated Notes	Sole Placement Agent
Published	06/01/2021	Princeton Equity Group	Private Capital Advisory, Private Funds	Private Funds	$352.0 Million	Image	Private Capital Advisory	Piper Sandler served as sole placement agent for Princeton Equity Group on the raise of hard cap for first-time buyout fund	Fund I	Sole Placement Agent
Published	06/01/2021	American AgCredit	Equity Capital Markets, Financing	Preferred Stock	$300.0 Million	Image	Financial Services	Piper Sandler seved as left bookrunner for American AgCredit on a 5.250% fixed-rate reset perpetual preferred stock offering	Preferred Stock	Left Bookrunner
Published	06/01/2021	Coeur d'Alene Bancorp	Debt Capital Markets - Depositories, Real Estate & Financial Services, Financing	Subordinated Notes	$5.0 Million		Financial Services, Depositories	Piper Sandler served as sole financial advisor for Coeur d'Alene Bancorp on a 4.50% fixed-to-floating rate subordinated notes offering due in 2031	Subordinated Notes	Financial Advisor
Published	06/01/2021	TS Bank	Debt Capital Markets - Depositories, Real Estate & Financial Services, Financing	Subordinated Notes	$30.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for TS Bank on a 5.00% fixed-to-floating rate subordinated notes offering due in 2031	Subordinated Notes	Sole Placement Agent
Published	06/01/2021	Legal Business Services	Debt Capital Markets - Depositories, Real Estate & Financial Services, Financing	Senior Notes	$50.0 Million	Image	Financial Services, Specialty Finance	Piper Sandler served as lead placement agent for Legal Business Services on a 8.00% senior notes offering due in 2026	Senior Notes	Joint Placement Agent
Published	06/01/2021	Hertz Global Holdings, Inc.	Restructuring	Chapter 11 Reorganization	$19.0 Billion	Image	Services & Industrials	Piper Sandler served as investment banker for an ad hoc group of 2L noteholders in the Chapter 11 reorganzation of Hertz Global Holdings, Inc.	Chapter 11 Reorganization	Financial Advisor
Published	06/01/2021	Midwest BankCentre	Debt Capital Markets - Depositories, Real Estate & Financial Services, Financing	Subordinated Notes	$25.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for Midwest BankCentre on a 3.625% fixed-to-floating subordinated notes offering due in 2031	Subordinated Notes	Sole Placement Agent
Published	06/01/2021	Ready Capital	Financing, Equity Capital Markets	Preferred Stock	$115.0 Million	Image	Financial Services, Real Estate	Piper Sandler served as active bookrunner for Ready Capital on a 6.50% Series E Cumulative Redeemable Preferred Stock offering	Preferred Stock	Active Bookrunner
Published	06/01/2021	Frontier Bancshares	Debt Capital Markets - Depositories, Real Estate & Financial Services, Financing	Subordinated Notes	$55.0 Million	Image	Financial Services, Depositories	Piper Sandler served as lead placement agent for Frontier Bancshares, holding company for Horizon Bank, on a 3.25% fixed-to-floating rate subordinated notes offering due in 2031	Subordinated Notes	Joint Placement Agent
Published	06/01/2021	Liberty Commercial Finance	Debt Capital Markets - Depositories, Real Estate & Financial Services, Financing	Senior Notes	$30.0 Million	Image	Financial Services, Specialty Finance	Piper Sandler served as sole placement agent for Liberty Commericla Finance on a 6.00% senior unsecured notes offering due in 2026	Senior Notes	Sole Placement Agent