other_material
confidence high
sentiment neutral
materiality 0.65
Horizon Bancorp prices $90M common stock offering at $14.50/share
HORIZON BANCORP INC /IN/
- Priced 6.207M shares at $14.50/share for gross proceeds of ~$90M.
- Underwriters granted 30-day option to purchase up to 931,050 additional shares.
- Net proceeds to be used for general corporate purposes, including potential balance sheet repositioning.
- Joint book-runners: Keefe, Bruyette & Woods (Stifel) and Performance Trust Capital Partners.
- Offering expected to close on or about August 22, 2025.
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