Wintrust Financial Corporation Announces Proposed Public Offering of Subordinated Notes
June 03 2019 - 9:21AM
Wintrust Financial Corporation ("Wintrust") (Nasdaq: WTFC)
announced a proposed underwritten public offering of subordinated
notes due 2029 under its effective shelf registration statement,
subject to market conditions.
Wintrust intends to use the net proceeds from the offering for
general corporate purposes, which may include, without limitation,
investments at the holding company level, providing capital to
support growth, acquisitions or other business combinations,
including FDIC-assisted acquisitions, and reducing or refinancing
existing debt.
RBC Capital Markets, US Bancorp and Wells Fargo Securities are
acting as joint book-running managers for the offering.
The offering is being made under an effective shelf registration
statement on file with the U.S. Securities and Exchange Commission.
The offering may be made only by means of a prospectus supplement
and the accompanying prospectus. Copies of the prospectus
supplement and accompanying prospectus describing the offering may
be obtained by visiting EDGAR on the SEC's website at www.sec.gov
or by contacting RBC Capital Markets, LLC, Brookfield Place, 200
Vesey Street, 8th Floor, New York, New York 10281. Telephone:
1-866-375- 6829. Email: rbcnyfixedincomeprospectus@rbccm.com.
This press release shall not constitute an offer to sell or the
solicitation of any offer to buy any securities, 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 such
state or jurisdiction.
About Wintrust
Wintrust is a financial holding company 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, with over 160 banking locations
located in the greater Chicago and southern Wisconsin market areas.
Additionally, Wintrust operates various non-bank business units
including business units which provide commercial and life
insurance premium financing in the United States, a premium finance
company operating in 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 and qualified intermediary services for
tax-deferred exchanges.
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, including Wintrust’s intention to consummate the
offering and issue the subordinated notes and Wintrust’s intended
use of net proceeds from the offering, 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 preliminary prospectus supplement dated June 3, 2019,
Wintrust's Annual Report on Form 10-K for the fiscal year ended
December 31, 2018 and Wintrust's Quarterly Report on Form 10-Q for
the three months ended March 31, 2019. 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 OfficerDavid A. Dykstra, Senior Executive Vice
President & Chief Operating Officer (847) 939-9000Website
address: www.wintrust.com
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