Old National Bancorp (ONB) Prices 19.05M Share Offering at $21/sh

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Go back to Old National Bancorp (ONB) Prices 19.05M Share Offering at $21/sh

Old National Announces Pricing of Common Stock Offering

November 25, 2024 6:10 AM EST

EVANSVILLE, Ind., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB) (Old National) today announced the pricing of an underwritten public offering of 19,047,619 shares of its common stock, no par value (the Common Stock), at a public offering price of $21.00 per share (before underwriting discounts and commissions), for an aggregate offering amount of $400 million. The approximate net proceeds of the offering will be $384 million (before offering expenses, assuming the underwriters do not exercise their option to purchase additional shares and assuming full physical settlement of the forward sale agreement at the initial forward... More