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Published on 6/19/2009 in the Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

OceanFirst Financial files $80 million debt, stock, warrants shelf

By Devika Patel

Knoxville, Tenn., June 19 - OceanFirst Financial Corp. filed an $80 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers common stock, preferred stock, debt securities and warrants.

The securities may be structured as convertibles.

Proceeds will be used for capital expenditures, debt repayment, the repurchase of preferreds and warrants issued under the Troubled Asset Relief Program Capital Purchase Program, working capital, acquisitions and general corporate purposes.

OceanFirst, based in Toms River, N.J., is the parent holding company for OceanFirst Bank.


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