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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 9:48 AM

Slide #16. MB Financial, Inc. Preferred Stock Offering

Company: MB Financial, Inc. (NASDAQ:MBFI)
Date announced: 11/15/2017
Shares Offered: 8,000,000
Date of Pricing: 11/15/2017
Price Per Share: $25.00
Preferred Stock Offering Details: MB Financial, Inc. (the "Company" or "MB Financial") (Nasdaq:MBFI), today announced the pricing of its public offering of 8,000,000 depositary shares (the "Depositary Shares"), each representing a 1/40th interest in a share of its 6.000% Noncumulative Perpetual Preferred Stock, Series C (the "Preferred Stock"), liquidation preference of $25 per Depository Share (equivalent to $1,000 per share of Preferred Stock), at a public offering price of $25 per Depositary Share, for gross proceeds of $200.0 million. Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS Securities LLC are acting as lead joint bookrunning managers of the offering. J.P. Morgan Securities LLC and Sandler O'Neill & Partners, L.P. are acting as joint bookrunning managers of the offering.

MB Financial is a financial holding company. Through its banking subsidiary, MB Financial Bank, N.A., Co. provides a range of financial services to small and middle market businesses and individuals. Co.'s primary market is the Chicago, IL metropolitan area. Co. operates in three reportable segments: Banking, which provides commercial banking, lease banking, retail banking, and wealth management; Leasing, which includes lease originations and related services; and Mortgage Banking, which originates and services residential mortgage loans for sale to investors and for loans owned by Co. At Dec 31 2016, Co. had total assets of $19.30 billion and total deposits of $14.11 billion.

Preferred: MBFIP

Open the MBFI Page at Ru Back Packer »

Name: MB Financial Inc
Sector: Banking & Savings
Number of ETFs Holding MBFI: 51 (see which ones)
Total Market Value Held by ETFs: $599,734,837
Total Market Capitalization: $3,657,000,000
% of Market Cap. Held by ETFs: 16.40%

Open the MBFI Page at Ru Back Packer (in a new window) »

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