Enterprise Financial greenshoe lifts 5.75% notes to $63.25 million

Chicago, May 20 – Underwriters of Enterprise Financial Services Corp.’s 5.75% fixed-to-floating rate subordinated notes due 2030 exercised their over-allotment option to purchase an additional $8.25 million of notes at par, according to a press release.

The total offering now stands at $63.25 million, up from an initial $55 million.

Enterprise initially priced the notes on May 18.

As previously reported, Piper Sandler & Co. is the bookrunner for the offering.

Proceeds from the tier 2 notes will be used for general corporate purposes.

Enterprise is a Clayton, Mo.-based financial holding company.

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