GO
Loading...

BRIEF-PrivateBancorp announces $75 mln common stock offering; TARP repayment plans

Oct 10 (Reuters) - PrivateBancorp Inc :

* Announces $75 million common stock offering; tarp repayment plans

* Sees to commence separate public offering of $125 million aggregate principal

amount of subordinated debt securities

* To use proceeds to redeem all $243.8 million of stock that co issued to the

U.S. department of treasury under tarp

* Post tarp preferred stock redemption, co intends to seek to repurchase common

stock warrant it issued to treasury

* Source text * Further company coverage ((Bangalore Newsroom; +1 646 223 8780))