Oriental Financial Group to price public offering of its common stock

Deal may fund redemption of series C preferred stock, other securities

By Devika Patel

Knoxville, Tenn., Sept. 13 - Oriental Financial Group Inc. will price a public offering of its common stock, according to a Form S-1 filed Thursday with the Securities and Exchange Commission.

The deal has a 30-day greenshoe.

Jefferies is assisting.

Proceeds will be used for general corporate purposes, including a possible redemption of the company's series C preferred stock or other securities.

Oriental is a financial holding company based in San Juan, Puerto Rico.

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