BofI Prices Offering of 750,000 Shares of Common Stock
December 07 2011 - 9:27AM
Marketwired
BofI Holding, Inc. (NASDAQ: BOFI), parent of BofI Federal Bank,
announced the pricing of a public offering of 750,000 shares of its
common stock at a price per share of $16.00. The Company has
granted the underwriter an option for 30 days to purchase up to
112,500 additional shares of common stock.
Net proceeds from the offering will be used for general
corporate purposes and possible future acquisitions and growth
opportunities.
The shares are being offered pursuant to an effective
registration statement filed with the Securities and Exchange
Commission. B. Riley & Co., LLC will act as underwriter for the
offering.
The offering of shares of Company common stock may be made only
by means of a prospectus. A copy of the prospectus relating to the
offering will be filed with the Securities and Exchange Commission
and, when available, can be obtained from B. Riley & Co., LLC,
11100 Santa Monica, Blvd., Suite 800, Los Angeles, California
90025.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About BofI Holding, Inc. and BofI Federal
Bank
BofI Holding, Inc. is the holding company for BofI Federal Bank,
a nationwide savings bank that operates primarily through the
Internet. With $2.0 billion in assets, the Bank provides a variety
of consumer and wholesale banking services, focusing on gathering
retail deposits over the Internet, and originating and purchasing
single and multifamily mortgage loans, and purchasing
mortgage-backed securities. BofI operates its Internet-based bank
from a single location in San Diego, California. BofI Holding
Inc.'s shares are listed on the Nasdaq Global Select Market under
the symbol "BOFI" and are a component of the Russell 3000
Index.
Forward-Looking Safe Harbor Statement
This press release contains forward-looking statements that
involve risks and uncertainties, including statements related to
BofI Holding's public offering of common stock and the completion
of the offering. These forward-looking statements are based upon
BofI's current expectations. Actual results and the timing of
events could differ materially from those anticipated in such
forward-looking statements as a result of risks and uncertainties,
which include, without limitation, risks and uncertainties
associated with market conditions and the satisfaction of customary
closing conditions related to the proposed offering and other risks
detailed in BofI's filings with the Securities and Exchange
Commission. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. There can be no assurance that BofI will complete
the offering of shares of common stock. All forward-looking
statements are qualified in their entirety by this cautionary
statement, and BofI undertakes no obligation to revise or update
any forward-looking statements to reflect events or circumstances
after the date of this press release.
Contact: BofI Holding, Inc. Gregory Garrabrants CEO 858/350-6203
Gregory.Garrabrants@bofifederalbank.com
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