Horizon Bancorp Launches Public Offering Of Common Stock; Proceeds To Support Corporate Needs And Balance Sheet Repositioning
Benzinga Newsdesk 1 year ago
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Horizon Bancorp, Inc. (NASDAQ:HBNC) ("Horizon"), the parent company of Horizon Bank, announced today that it has launched an underwritten public offering of shares of its common stock (the "Offering"). Horizon expects to
Horizon Bancorp, Inc. (NASDAQ:HBNC) ("Horizon"), the parent company of Horizon Bank, announced today that it has launched an underwritten public offering of shares of its common stock (the "Offering"). Horizon expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock sold in the Offering.
Horizon intends to use the net proceeds from the Offering for general corporate purposes, including in support of the potential repositioning of its balance sheet.