By Aleesia Forni
Virginia Beach, June 10 – Wintrust Financial Corp. priced $140 million of 5% subordinated notes due 2024 with a spread of Treasuries plus 235.6 basis points, according to a FWP filed with the Securities and Exchange Commission.
The notes (//BBB-) priced at par.
RBC Capital Markets LLC was the bookrunner.
Proceeds from the sale will be used for general corporate purposes.
Wintrust is a Rosemont, Ill.-based financial holding company.
| Issuer: | Wintrust Financial Corp.
|
| Amount: | $140 million
|
| Description: | Subordinated notes
|
| Maturity: | June 13, 2024
|
| Bookrunner: | RBC Capital Markets LLC
|
| Coupon: | 5%
|
| Price: | Par
|
| Yield: | 5%
|
| Spread: | Treasuries plus 235.6 bps
|
| Trade date: | June 10
|
| Settlement date: | June 13
|
| Rating: | Fitch: BBB-
|
| Distribution: | SEC registered
|
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