Wintrust Financial launches $414.7M public offering of 7.875% Series F Preferred Stock

WINTRUST FINANCIAL CORP

Offering of 17M depositary shares each representing 1/1,000th interest in Series F preferred stock, liquidation preference $25,000/share.
Estimated net proceeds of $414.7M after underwriting discounts and expenses; expected to close May 22, 2025.
Proceeds for general corporate purposes, possibly to redeem outstanding Series D and/or Series E preferred stock, subject to Fed approval.
Underwriting agreement with RBC Capital Markets as representative; certain underwriter affiliates have existing lending relationships with Wintrust.
Series F is 7.875% fixed-rate reset non-cumulative perpetual preferred stock, no par value.

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