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home / news releases / MSBI - Midland States Bancorp prices $115M depositary stock offering

MSBI - Midland States Bancorp prices $115M depositary stock offering

Midland States Bancorp Inc.
  • Midland States Bancorp ( NASDAQ: MSBI ) on Wednesday priced a $115M underwritten public offering of 4.6M depositary shares.
  • Each depositary share represents a 1/40th interest in a 7.75% fixed rate reset non-cumulative perpetual preferred share, series A, par value $2/share, with a liquidation preference of $1K/share (equivalent to $25 per depositary share).
  • MSBI applied to list the depositary shares on Nasdaq Global Select Market under the ticker "MSBIP".
  • The offering is expected to close on or about Aug. 24.

For further details see:

Midland States Bancorp prices $115M depositary stock offering
Stock Information
Company Name: Midland States Bancorp Inc.
Stock Symbol: MSBI
Market: NASDAQ
Website: midlandsb.com
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