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8-K - FORM 8-K - WINTRUST FINANCIAL CORP | c61808e8vk.htm |
EX-5.2 - EX-5.2 - WINTRUST FINANCIAL CORP | c61808exv5w2.htm |
EX-5.1 - EX-5.1 - WINTRUST FINANCIAL CORP | c61808exv5w1.htm |
Exhibit 99.1
Wintrust Financial Corporation Announces Full Exercise of Overallotment Options by
Underwriters of its Common Stock and Tangible Equity Unit Offerings
LAKE FOREST, Ill., Dec. 15, 2010 (GLOBE NEWSWIRE) Wintrust Financial Corporation
(Wintrust or the Company) (Nasdaq:WTFC) today announced that the underwriters of Wintrusts
common stock and tangible equity unit offerings exercised in full the overallotment options granted
to them in connection with the offerings. As a result, Wintrust has issued an additional 480,769
shares of its common stock and an additional 600,000 of its 7.50% tangible equity units for
additional net proceeds of approximately $42.8 million, bringing aggregate net proceeds for the
offerings to approximately $327.5 million, after deducting underwriting discounts and commissions
and estimated offering expenses.
Subject to approval by Wintrusts regulators, Wintrust intends to use the net proceeds from the
offerings to redeem all of the shares of its Fixed Rate Cumulative Preferred Perpetual Preferred
Stock, Series B, which was issued and sold to the U.S. Treasury under its Capital Purchase Program.
Wintrust will use excess proceeds for general corporate purposes. If Wintrust is unable to redeem
the Series B Preferred Stock, it intends to use the net proceeds of the offerings for general
corporate purposes.
BofA Merrill Lynch is acting as sole book-running manager and RBC Capital Markets, LLC, Sandler
ONeill + Partners, L.P. and Wells Fargo Securities are acting as co-managers for the tangible
equity unit offering. BofA Merrill Lynch and Sandler ONeill + Partners, L.P. are acting as joint
book-running managers and RBC Capital Markets, LLC and Wells Fargo Securities are acting as
co-managers for the common stock offering.
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 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 of the tangible equity units will only be
made by means of a prospectus and a related prospectus supplement, copies of which may be obtained
from BofA Merrill Lynch, Four World Financial Center, New York, New York 10080, Attn: Preliminary
Prospectus Department or email dg.prospectus_requests@baml.com. The offering of the common stock
will only be made by means of a separate prospectus and a related prospectus supplement, copies of
which may be obtained from BofA Merrill Lynch at the address above or Sandler ONeill + Partners,
L.P., 919 Third Avenue, 6th Floor, New York, New York 10022 or by calling (866) 805-4125.
About Wintrust
Wintrust is a financial holding company with assets in excess of $14 billion whose common stock is
traded on the NASDAQ Global Select Market (Nasdaq:WTFC). Wintrust operates fifteen community bank
subsidiaries that are located in the greater Chicago and Milwaukee market areas. Additionally, the
Company operates various non-bank subsidiaries including one of the largest commercial insurance
premium finance companies operating in the United States, a company providing short-term accounts
receivable financing and value-added out-sourced
administrative services to the temporary staffing services industry, companies 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 including
broker-dealer, money management services, advisory services, and trust and estate services.
Currently, Wintrust operates 85 banking offices.
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 that actual events or
results may differ materially. Wintrusts 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 each of Wintrusts prospectus
supplements dated December 7, 2010, Wintrusts Annual Report on Form 10-K for the most recently
ended fiscal year and in Wintrusts subsequent Quarterly Reports on Form 10-Q. Forward-looking
statements speak only as of the date made and Wintrust undertakes no duty to update the
information.
CONTACT: | Wintrust Financial Corporation Edward J. Wehmer, President & Chief Executive Officer David A. Dykstra, Senior Executive Vice President & Chief Operating Officer (847) 615-4096 www.wintrust.com |
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