Wintrust Financial Corporation Announces Offering of Common Stock
June 08 2016 - 4:45PM
Wintrust Financial Corporation (“Wintrust” or the “Company”)
(NASDAQ:WTFC) today announced that it has commenced a public
offering of 3,000,000 shares of its common stock. All of
the shares included in the offering are primary shares offered by
the Company. Wintrust intends to use the net proceeds from
this offering for general corporate purposes, which may include,
without limitation, financing potential acquisitions or other
business combinations, including FDIC-assisted acquisitions,
investments at the holding company level, providing capital to
support the Company’s growth, and reducing or refinancing existing
debt.
Raymond James & Associates, Inc. is serving as the sole
underwriter for the offering.
The last reported sale price on the NASDAQ Global Select Market
(“NASDAQ”) of Wintrust common stock on June 8, 2016 was $53.78 per
share. Raymond James & Associates, Inc. proposes to offer
for sale the shares from time to time in one or more transactions
on NASDAQ, in the over-the-counter market, through negotiated
transactions or otherwise at market prices prevailing at the time
of sale, at prices related to prevailing market prices or at
negotiated prices.
The shares are being offered pursuant to an effective shelf
registration statement under the Securities Act of 1933, as
amended. The offering is being made only by means of a
prospectus and related preliminary prospectus supplement, copies of
which may be obtained from the offices of Raymond James &
Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL 33716,
or by calling toll-free 1-800-248-8863. Investors may also obtain
copies of these documents free of charge by visiting the SEC’s
website at www.sec.gov.
This press release shall not constitute an offer to sell, or a
solicitation of an offer to buy, nor shall there be any sale of any
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such state or
jurisdiction.
About Wintrust
Wintrust is a financial holding company with assets of
approximately $23 billion whose common stock is traded on the
NASDAQ Global Select Market. Built on the “HAVE IT ALL” model,
Wintrust offers sophisticated technology and resources of a large
bank while focusing on providing service-based community banking to
each and every customer. Wintrust operates fifteen community bank
subsidiaries, now with over 150 banking locations located in the
greater Chicago and southern Wisconsin market areas. Additionally,
the Company operates various non-bank business units, including one
of the largest commercial insurance premium finance companies
operating in the United States and Canada, a company providing
short-term accounts receivable financing and value-added
out-sourced administrative services to the temporary staffing
services industry, a business unit engaging primarily in the
origination and purchase of residential mortgages for sale into the
secondary market throughout the United States, and companies
providing wealth management services.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. Investors are
cautioned that such statements are predictions and actual events or
results may differ materially. Wintrust’s expected financial
results or other plans are subject to a number of risks and
uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see “Risk
Factors” and the forward-looking statement disclosure contained in
Wintrust’s most recent Annual Report on Form 10-K and in any of the
Company’s subsequent SEC filings. Forward-looking statements
speak only as of the date made and Wintrust undertakes no duty to
update the information.
FOR MORE INFORMATION CONTACT:
Edward J. Wehmer, President & Chief Executive Officer
David A. Dykstra, Senior Executive Vice President and Chief Operating Officer
(847) 939-9000
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