Associated Banc-Corp Announces Pricing of $435 Million
Common Stock Offering
January 12, 2010 07:12 AM Eastern Time
GREEN BAY, Wis.--(EON: Enhanced Online News)--Associated Banc-Corp (NASDAQ:ASBC) announced today that it priced
public offering of 38,993,956 shares of common stock at $11.15per share on January 11, 2010.
Associated Banc-Corp has granted the underwriters a 30-day option to purchase up to an additional 5,849,093 shares of common
over-allotments, if any.
Credit Suisse Securities (USA) LLC served as the sole bookrunning manager for the offering. Robert W. Baird & Co. Incorporate
Bruyette & Woods, Inc., RBC Capital Markets Corporation, Sandler O’Neill & Partners, L.P. and UBS Securities LLC served as
Associated Banc-Corp estimates that the net proceeds from the offering will be approximately $415.9 million after deducting under
and estimated offering expenses.
Associated Banc-Corp intends to use the net proceeds of this offering to provide additional capital to Associated Bank, National A
support continued growth, and for working capital and other general corporate purposes.
Copies of the prospectus and prospectus supplement for the offering may be obtained from Credit Suisse Securities (USA) LLC, A
Prospectus Department, One Madison Avenue, New York, NY 10010, telephone 1-800-221-1037. Investors may obtain these d
charge by visiting the SEC's website at www.sec.gov.
A registration statement relating to these securities has been filed and is effective. This news release does not constitute an offer to s
of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitati
be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Associated Banc-Corp, headquartered in Green Bay, Wis., is a diversified bank holding company with total assets of $23billion at
2009. Associated has 291 banking offices serving approximately 160 communities in