Reported Earlier, Financial Institutions Prices $95M Common Stock Offering Of 4M Shares At $25/Share
Reported Earlier, Financial Institutions Prices $95M Common Stock Offering Of 4M Shares At $25/Share
Financial Institutions, Inc. (NASDAQ:FISI) (the "Company"), parent company of Five Star Bank and Courier Capital, LLC, today announced the pricing of its previously announced underwritten public offering of 4,000,000 shares of its common stock at a public offering price of $25.00 per share. The expected proceeds to the Company, after deducting underwriting discounts and commissions but before deducting operating expenses payable by the Company, are approximately $95.0 million. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of Company common stock at the public offering price, less underwriting discounts, and commissions.
五星銀行和信使資本有限責任公司的母公司金融機構有限公司（納斯達克股票代碼：FISI）（「公司」）今天宣佈，其先前宣佈的承銷公開發行40萬股普通股的定價，公開發行價格爲每股25.00美元。扣除承保折扣和佣金後但在扣除公司應付的運營費用之前，公司的預期收益約爲9,500萬美元。此外，公司還授予承銷商30天的期權，允許他們以公開發行價格（減去承銷折扣和佣金）額外購買最多60萬股公司普通股。
The Company intends to use the net proceeds from this offering for general corporate purposes which may include a balance sheet restructuring through the repositioning of a substantial portion of our available-for-sale debt securities portfolio to support continued growth as well as the repayment of indebtedness.
公司打算將本次發行的淨收益用於一般公司用途，其中可能包括通過重新定位可供出售債務證券投資組合的很大一部分來進行資產負債表重組，以支持持續增長和償還債務。
