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Hold (2.17 out of 4)
100th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, April 19, 6:58 PM
Slide #222. MB Financial, Inc. — Preferred Stock Offering
Company: |
MB Financial, Inc. (MBFI) |
Date announced: |
11/15/2017 |
Shares Offered: |
8,000,000 |
Date of Pricing: |
11/15/2017 |
Price Per Share: |
$25.00 |
Preferred Stock Offering Details: |
MB Financial, Inc. (the "Company" or "MB Financial") (Nasdaq:MBFI), today announced the pricing of its public offering of 8,000,000 depositary shares (the "Depositary Shares"), each representing a 1/40th interest in a share of its 6.000% Noncumulative Perpetual Preferred Stock, Series C (the "Preferred Stock"), liquidation preference of $25 per Depository Share (equivalent to $1,000 per share of Preferred Stock), at a public offering price of $25 per Depositary Share, for gross proceeds of $200.0 million. Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS Securities LLC are acting as lead joint bookrunning managers of the offering. J.P. Morgan Securities LLC and Sandler O'Neill & Partners, L.P. are acting as joint bookrunning managers of the offering. |
MB Financial is a financial holding company. Through its banking subsidiary, MB Financial Bank, N.A., Co. provides a range of financial services to individuals and corporate customers. Co.'s primary market is the Chicago, IL metropolitan area. Co. operates in three reportable segments: Banking, which provides a set of credit, deposit, treasury management, capital markets, and international banking products; Leasing, which includes lease originations and related services provided through its Celtic Leasing Corp and MB Equipment Finance, LLC subsidiaries; and Mortgage Banking, which originates residential mortgage loans for sale to investors and for Co.'s portfolio . Preferred: MBFIP
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