Capital Bank (CBKN) Announces $55M Common Stock Offering
More News related to CBKN
- Capital Bank (CBKN) Declares $0.08 Quarterly Dividend; 7.5% Yield
- Capital Bank Corporation Declares Cash Dividend on Common Stock
- Capital Bank (CBKN) Announces $55M Common Stock Offering
- Capital Bank Announces Plans for Public Stock Offering
- Capital Bank (CBKN) Posts Q3 EPS of $0.26; Net Income Up YoY
More News related to Equity Offerings
- Elmira Savings Bank (ESBK) Declares $0.20 Quarterly Dividend; 5% Yield
- Ship Finance (SFL) Declares $0.30 Quarterly Dividend; 8.9% Yield
- Shamir Optical (SHMR) Declares $0.609 Dividend; 7.3% Yield
- Frontline (FRO) Declares $0.15 Quarterly Dividend; 2.2% Yield
Capital Bank Corporation (NASDAQ: CBKN) today announced its intention to commence a public offering of approximately $55 million of its common stock.
The offering will be underwritten by Sandler O'Neill + Partners, L.P. as book-running manager and Howe Barnes Hoefer & Arnett as co-manager. The underwriters will have a 30-day option to purchase up to 15% of the initial number of shares offered to cover over-allotments, if any.
Proceeds from this public stock offering will be used for general corporate purposes, including to strengthen the capital of the Company and to support its strategic growth opportunities. The precise amounts and the timing of the Company's use of the net proceeds will depend upon market conditions, Capital Bank's funding requirements, the availability of other funds and other factors. The Company's management will retain broad discretion in the allocation of net proceeds from this offering.
Related Categories
Equity OfferingsStocks Mentioned
-0.01Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
