BankUnited, Inc. Announces Pricing of Secondary Offering of Common Stock
MIAMI LAKES, Fla. -- March 7, 2013
BankUnited, Inc. (NYSE: BKU) (the "Company") announced today the pricing of an
underwritten offering of 19,600,000 shares of its common stock by certain of
its existing stockholders (collectively, the "Selling Stockholders") at $25.25
The Company will not receive any proceeds from the offering. In connection
with the offering, the underwriters have a 30-day option to purchase an
additional 2,940,000 shares in the offering from the Selling Stockholders.
The offering is being made pursuant to a registration statement on Form S-3
filed with the Securities and Exchange Commission on March 6, 2013.
Morgan Stanley & Co. LLC and BofA Merrill Lynch are acting as joint
book-running managers for the offering. Credit Suisse, Janney Montgomery
Scott, J.P. Morgan, Keefe, Bruyette & Woods, RBC Capital Markets and Wells
Fargo Securities are acting as co-managers for the offering.
When available, copies of the final prospectus supplement and accompanying
prospectus related to this offering may be obtained from: Morgan Stanley & Co.
LLC, Attention: Prospectus Department, 180 Varick Street, New York, New York
10014, or by calling toll free 1-866-718-1649 or by emailing
firstname.lastname@example.org; or BofA Merrill Lynch, 222 Broadway, New York,
NY 10038, Attention: Prospectus Department or by e-mailing
This press release does not constitute an offer to sell or the solicitation of
an offer to buy the securities, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws
of any such jurisdiction.
BankUnited (NYSE: BKU), headquartered in Miami Lakes, Fla., provides a wide
range of commercial and consumer banking services to businesses and consumers
in 15 Florida counties through more than 98 branches. For additional
information, call (877) 779-2265.
This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 that reflect the
Company's current views with respect to, among other things, future events and
financial performance. The Company generally identifies forward-looking
statements by terminology such as "outlook," "believes," "expects,"
"potential," "continues," "may," "will," "could," "should," "seeks,"
"approximately," "predicts," "intends," "plans," "estimates," "anticipates" or
the negative version of those words or other comparable words. Any
forward-looking statements contained in this press release are based on the
historical performance of the Company and its subsidiaries or on the Company's
current plans, estimates and expectations. The inclusion of this
forward-looking information should not be regarded as a representation by the
Company that the future plans, estimates or expectations contemplated by the
Company will be achieved. Such forward-looking statements are subject to
various risks and uncertainties and assumptions relating to the Company's
operations, financial results, financial condition, business prospects, growth
strategy and liquidity. If one or more of these or other risks or
uncertainties materialize, or if the Company's underlying assumptions prove to
be incorrect, the Company's actual results may vary materially from those
indicated in these statements. These factors should not be construed as
exhaustive. The Company does not undertake any obligation to publicly update
or review any forward-looking statement, whether as a result of new
information, future developments or otherwise. A number of important factors
could cause actual results to differ materially from those indicated by the
forward-looking statements. Information on these factors can be found in the
Company's Annual Report on Form10-K for the year ended December31, 2012
available at the SEC's website (www.sec.gov).
Leslie Lunak, 786-313-1698
Mary Harris, 305-817-8117
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