Associated Banc-Corp Completes Sale of $500 Million of
Underwriters Exercise Over-Allotment Option
January 15, 2010 04:26 PM Eastern Time
GREEN BAY, Wis.--(EON: Enhanced Online News)--Associated Banc-Corp (NASDAQ: ASBC) announced today that it has cl
announced underwritten public offering of 44,843,049 shares of its common stock at $11.15per share. The number of shares sold i
shares as a result of the exercise of the underwriters’ over-allotment option.
The net proceeds from the offering were approximately $478.3 million after deducting underwriting discounts and commissions and
expenses of the offering payable by Associated Banc-Corp. The Company intends to use the net proceeds of this offering, which wi
tangible common equity and Tier 1 capital, to further capitalize Associated Bank, National Association in order to support continue
working capital and other general corporate purposes.
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
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 29