Banc of California and PacWest Announce Transformational Merger and $400 Million Equity Raise from Warburg Pincus and Centerbridge
Benzinga
JULY 25, 2023
and its affiliates (the "Centerbridge Investors" and, together with the Warburg Investors, the "Investors"), which will invest an aggregate of $400 million for newly issued equity securities concurrently with, and subject to, closing of the merger. Tangible Common Equity to Total Asset Ratio of 7.2% and BEVERLY HILLS, Calif.,
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