Keefe, Bruyette & Woods and Robert W. Baird were the joint bookrunners
By Devika Patel
Knoxville, Tenn., June 18 - Fidelity Southern Corp. said the underwriters for its public offering of stock opted to exercise the deal's 15% greenshoe in full for total proceeds of $69 million. The deal was announced June 4 and priced for $60 million with the $9 million greenshoe on June 5.
The company sold 5.75 million common shares at $12.00 per share. The price per share is a 5.29% discount to the June 4 closing share price of $12.67. Of the shares, 750,000 comprised the fully exercised greenshoe.
Keefe, Bruyette & Woods and Robert W. Baird & Co. were the joint bookrunning managers.
Proceeds will be used to redeem the company's $48.2 million of series A fixed-rate cumulative perpetual preferred stock and its $20.5 million of two series of fixed-rate trust preferred securities and for general corporate purposes.
Based in Atlanta, Fidelity Southern is a bank holding company.
| Issuer: | Fidelity Southern Corp.
|
| Issue: | Common stock
|
| Amount: | $69 million (including $9 million greenshoe)
|
| Shares: | 5.75 million
|
| Price: | $12.00
|
| Warrants: | No
|
| Bookrunners: | Keefe, Bruyette & Woods and Robert W. Baird & Co.
|
| Co-manager: | FIG Partners, LLC
|
| Announcement date: | June 4
|
| Pricing date: | June 5
|
| Settlement date: | June 18
|
| Stock symbol: | Nasdaq: LION
|
| Stock price: | $12.67 at close June 4
|
| Market capitalization: | $185.76 million
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