AURORA, Ill., April 3, 2014 /PRNewswire/ -- Old Second Bancorp,
Inc. (Nasdaq Global Select: OSBC), parent company of Old Second
National Bank, announced today the pricing of an underwritten
public offering of 13,500,000 shares of the Company's common stock
at a price to the public of $4.40 per
share for gross proceeds of $59.4
million. The net proceeds to the Company after deducting
underwriting discounts and commissions and estimated offering
expenses are expected to be approximately $55.9 million. Subject to customary closing
conditions, the transaction is expected to close on or about
April 8, 2014.
Keefe, Bruyette & Woods, A Stifel Company, is serving as
sole book running manager and Sandler O'Neill & Partners, L.P.
and FIG Partners, LLC are serving as co-managers for the offering.
The Company has granted the underwriters a 30-day option to
purchase shares representing gross proceeds to the Company of up to
an additional $8.9 million to cover
over-allotments, if any.
This announcement shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any offer or 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. The offering will be made only by means of a
prospectus, copies of which may be obtained from Keefe Bruyette & Woods, Inc. at 787 Seventh
Avenue, 4th Floor, New York, New
York 10019 (Attn: Equity Capital Markets) or by telephone at
(800) 966-1559.
Old Second Bancorp, Inc. is a financial services company
with its headquarters located in Aurora,
Illinois. The Company is the holding company for Old Second
National Bank, a national banking organization headquartered in
Aurora, Illinois, which provides
commercial, treasury management and retail banking services, as
well as trust and wealth management services, through offices
located in Kane, Kendall, DeKalb, DuPage, LaSalle, Will
and Southwestern Cook counties in
Illinois. Additional information concerning Old Second can be
accessed on the internet at www.oldsecond.com.
This document contains, and future oral and written
statements of the Company and its management may contain,
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 with respect to the
financial condition, results of operations, plans, objectives,
future performance and business of the Company. Forward-looking
statements, which may be based upon beliefs, expectations and
assumptions of the Company's management and on information
currently available to management, are generally identifiable by
the use of words such as "believe," "expect," "anticipate," "plan,"
"intend," "estimate," "may," "will," "would," "could," "should" or
other similar expressions. Additionally, all statements in this
document, including forward-looking statements, speak only as of
the date they are made, and the Company undertakes no obligation to
update any statement in light of new information or future events.
Additional information concerning the Company and its business,
including factors that could materially affect the Company's
financial results, is included in the Company's filings with the
Securities and Exchange Commission.
SOURCE Old Second Bancorp, Inc.