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Old Second Bancorp plans to sell common stock through public offering
Deal funds interest payment, dividends payment, preferreds redemption
By Devika Patel
Knoxville, Tenn., Jan. 17 - Old Second Bancorp, Inc. will price a public offering of common stock with a 30-day greenshoe, according to a Form S-1 filed Friday with the Securities and Exchange Commission.
Keefe, Bruyette & Woods is the sole bookrunning manager, and Sandler O'Neill + Partners, LP and FIG Partners, LLC are co-managers.
Proceeds will be used to pay interest on trust preferred securities, pay dividends on the series B preferred stock, to repurchase a portion of a portion of the series B preferred stock and for general corporate purposes.
Old Second is an Aurora, Ill., bank holding company.
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