Wintrust Financial Corporation Announces Public Offering of Common Stock
June 07 2022 - 4:00PM
Wintrust Financial Corporation (“Wintrust” or the “Company”)
(NASDAQ: WTFC) today announced that it has commenced an
underwritten public offering of 2,700,000 shares of its common
stock. All of the shares included in the offering are primary
shares offered by the Company. Wintrust intends to grant the
underwriters a 30-day option to purchase up to 405,000 additional
shares of common stock. Wintrust intends to use the net proceeds
from this offering for general corporate purposes.
RBC Capital Markets, LLC and Raymond James & Associates,
Inc. are acting as joint book-running managers for the
offering.
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 RBC Capital Markets, LLC, Attention: Equity
Syndicate, 200 Vesey Street, 8th Floor, New York, New York 10281,
telephone: (877) 822-4089, email: equityprospectus@rbccm.com; or
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 Securities and Exchange Commission’s (the “SEC”)
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 $50 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, with over 170 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, including, without
limitation, statements related to the terms, timing and completion
of the proposed common stock offering and the intended use of net
proceeds therefrom. These forward-looking statements are based on
management’s current expectations and beliefs and certain
assumptions made by our management. 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 for the fiscal year ended
December 31, 2021 and in any of the Company’s subsequent SEC
filings. Forward-looking statements speak only as of the date made
and, except as required by law, Wintrust undertakes no duty to
update its forward-looking statements.
FOR MORE INFORMATION CONTACT:
Edward J. Wehmer, Founder & Chief Executive OfficerDavid A.
Dykstra, Vice Chairman & Chief Operating Officer(847)
939-9000
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