Home BancShares, Inc. announced the completion of its underwritten public offering of $300 million of its 3.125% fixed-to-floating rate subordinated notes due 2032. The Notes were issued at a public offering price of 100% of par, resulting in net proceeds, after underwriting discounts, of approximately $297.2 million. The Company intends to use the net proceeds of this offering for general corporate purposes, which may include, but are not limited to the repayment of the Company's outstanding subordinated notes and subordinated debentures, the repayment of outstanding subordinated debentures that the Company would assume following the completion of its acquisition of Happy Bancshares, Inc. (“Happy”), investments at the holding company level, providing capital to support the growth of Centennial Bank and the Company's business, repurchases of the Company's common shares and the payment of the cash consideration components of future acquisitions.