other_material
confidence high
sentiment neutral
materiality 0.70
Horizon Bancorp launches underwritten public offering of common stock for balance sheet repositioning
HORIZON BANCORP INC /IN/
- HBNC launches common stock offering; underwriters granted a 30-day option to purchase up to 15% additional shares.
- Net proceeds intended for general corporate purposes and potential balance sheet repositioning.
- Joint book-running managers: Keefe, Bruyette & Woods (A Stifel Company) and Performance Trust Capital Partners.
- Offering made under effective shelf registration statement (Form S-3 No. 333-282292); preliminary prospectus filed.
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