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PrivateBancorp, Inc. Announces Pricing of Underwritten Public Offering of Common Stock.

Publication: Mergers & Acquisitions Week
Publication Date: 11-NOV-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
PrivateBancorp, Inc. (NASDAQ: PVTB) announced that it priced its underwritten public offering of common stock at a public offering price of $8.50 per share, for gross offering proceeds of approximately $164.3 million. Of that amount, approximately $35.3 million is being purchased by certain funds managed by GTCR Golder Rauner II, L.L.C.

In addition, GTCR and the Company have agreed that, pursuant to the Preemptive and Registration Rights Agreement to which they are party, GTCR is entitled to, and will,...

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