MB Financial, Inc. Announces Pricing of Depositary Shares Offering
15 Novembro 2017 - 11:43PM
MB Financial, Inc. (the “Company” or “MB Financial”) (Nasdaq:MBFI),
today announced the pricing of its public offering of 8,000,000
depositary shares (the “Depositary Shares”), each representing a
1/40th interest in a share of its 6.000% Noncumulative Perpetual
Preferred Stock, Series C (the “Preferred Stock”), liquidation
preference of $25 per Depository Share (equivalent to $1,000 per
share of Preferred Stock), at a public offering price of $25 per
Depositary Share, for gross proceeds of $200.0 million. Merrill
Lynch, Pierce, Fenner & Smith Incorporated and UBS
Securities LLC are acting as lead joint bookrunning managers of the
offering. J.P. Morgan Securities LLC and Sandler O’Neill
& Partners, L.P. are acting as joint bookrunning managers of
the offering.
Dividends will be payable on the Preferred Stock
if, as and when declared by MB Financial’s Board of Directors on a
non-cumulative basis on February 25, May 25, August 25 and November
25 of each year, commencing February 25, 2018, at a per annum rate
of 6.000%. MB Financial intends to use the net proceeds of
the offering to fund the redemption of some or all of the 4,000,000
outstanding shares of the Company’s Series A Preferred Stock, at a
per share redemption price of $25 plus the per share amount of any
dividends that have been declared but not paid prior to the
redemption date, and for general corporate purposes, which may
include the repayment of indebtedness.
The Preferred Stock is redeemable at par at MB
Financial’s option, in whole or in part, subject to any required
regulatory approval, on November 25, 2022 and on any scheduled
dividend payment date thereafter. The Preferred Stock also is
redeemable by MB Financial at par, in whole but not in part, at any
time prior to that date, subject to any required regulatory
approval, within 90 days following a “regulatory capital treatment
event” affecting MB Financial’s ability to treat the Preferred
Stock as tier 1 capital for regulatory capital
purposes.
The Depositary Shares will be issued pursuant to
an effective shelf registration statement (File No. 333-221322)
(including a prospectus) filed with the Securities and Exchange
Commission (“SEC”), a preliminary prospectus supplement (which is
subject to completion) filed with the SEC and a final prospectus
supplement to be filed with the SEC. You may get these documents
for free by visiting the SEC web site at www.sec.gov.
Alternatively, you may obtain a copy of the prospectus and
prospectus supplement by contacting:
- Merrill Lynch, Pierce, Fenner & Smith Incorporated by
telephone at 1-800-294-1322, or by email at
dg.prospectus_requests@baml.com
- UBS Securities LLC at Attention: Prospectus Department, 1285
Avenue of the Americas, New York, NY 10019 or by telephone at (888)
827-7275
This press release is for informational purposes
only and shall not constitute an offer to sell or a solicitation of
an offer to buy the Depositary Shares, nor shall there be any sale
of the Depositary Shares in any state or other jurisdiction in
which such an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or other jurisdiction in the absence of an applicable
exemption from such registration or qualification requirements.
MB Financial is the Chicago-based holding
company for MB Bank which has approximately $20 billion in assets
and a more than one hundred year history of building deep and
lasting relationships with middle-market companies and
individuals. MB Financial offers a full range of powerful
financial solutions and the expertise and experience of bankers who
are focused on their clients’ success.
Safe Harbor Statement: Statements in this press
release that are not historical facts are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. By their nature, such statements are subject to
numerous factors that could cause actual results to differ
materially from those anticipated in the statements, including the
anticipated use of proceeds from the offering of Depositary Shares
and various other factors, including those set forth in the
preliminary prospectus supplement filed by MB Financial with the
SEC for the offering of Depositary Shares and in other documents
filed by MB Financial with the SEC. You should not place undue
reliance on any forward-looking statements and MB Financial
undertakes no obligation to update any such statements to reflect
circumstances or events that occur after the date on which the
forward-looking statement is made.
For Information at MB Financial, Inc.
contact:Berry Allen - Investor
RelationsE-Mail:
beallen@mbfinancial.com
MB Financial (NASDAQ:MBFI)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
MB Financial (NASDAQ:MBFI)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024