Umpqua Holdings Corporation Announces Secondary Offering of Shares Held by Thomas H. Lee Partners and Warburg Pincus
August 06 2014 - 05:00PM
Business Wire
Umpqua Holdings Corporation (NASDAQ:UMPQ) (the “Company”)
announced today the commencement of a secondary public offering of
15,000,000 shares of the Company’s common stock by certain funds
affiliated with Thomas H. Lee Partners L.P. and Warburg Pincus LLC
(collectively, the “Selling Stockholders”). The Selling
Stockholders will receive all of the proceeds from this
offering. No shares of common stock are being sold by the
Company.
J.P. Morgan is acting as the sole bookrunner for the common
stock offering. A shelf registration statement, including a base
prospectus, with respect to the offering was previously filed by
the Company with the Securities and Exchange Commission (the “SEC”)
and became effective on April 21, 2014. The offering may only be
made by means of the base prospectus and a prospectus supplement
thereto meeting the requirements of Section 10 of the Securities
Act of 1933, as amended. A copy of the prospectus supplement and
the accompanying base prospectus relating to this offering may be
obtained without charge by contacting: J.P. Morgan Securities LLC,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, Attention: Prospectus Department, telephone: +1
(866) 803-9204. A copy of the prospectus supplement and
accompanying base prospectus may also be obtained without charge by
visiting the SEC website at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any security, nor shall there be
any sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such
jurisdiction.
About Umpqua Holdings
Corporation
Umpqua Holdings Corporation (NASDAQ:UMPQ) is the parent company
of Umpqua Bank, an Oregon-based community bank recognized for its
entrepreneurial approach, innovative use of technology, and
distinctive banking solutions. Umpqua Bank has locations across
Idaho, Washington, Oregon, California and Northern Nevada. Umpqua
Holdings also owns a retail brokerage subsidiary, Umpqua
Investments, Inc., which has locations in Umpqua Bank stores and in
dedicated offices in Oregon. Umpqua Private Bank serves high net
worth individuals and nonprofits, providing trust and investment
services. Umpqua Holdings Corporation is headquartered in Portland,
Oregon.
Forward-looking
Statements
Certain statements and information included in this release may
constitute “forward looking statements” within the meaning of the
Federal Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance, or achievements of the Company to be materially
different from any future results, performance, or achievements
expressed or implied in such forward looking statements. Additional
discussion of factors that could cause actual results to differ
materially from management’s projections, forecasts, estimates and
expectations is contained in the companies’ Securities and Exchange
Commission filings. The Company does not undertake any obligation
to update any forward-looking statements, or to make any other
forward-looking statements, whether as a result of new information,
future events or otherwise.
Umpqua Holdings CorporationRon Farnsworth, 503-727-4108EVP/Chief
Financial Officerronfarnsworth@umpquabank.comBradley Howes,
503-727-4226SVP/Director of Investor
Relationsbradhowes@umpquabank.com
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