EverBank Financial Corp Announces Secondary Public Offering of Common Stock

Strategic Insights -

EverBank Financial Corp, through its subsidiary EverBank, has announced a secondary public offering of 2,910,801 shares of its common stock by existing stockholders Sageview Partners L.P. and Teachers Insurance and Annuity Association of America. This underwritten offering, led by Barclays Capital Inc., will not result in any change to the company's outstanding common stock. The offering is made under a shelf registration statement that has been filed with the Securities and Exchange Commission, and investors are advised to read the prospectus and related documents for more information. The company emphasizes that this press release does not constitute an offer to sell or the solicitation of an offer to buy these securities.

Key Takeaways:

  • EverBank Financial Corp is launching a secondary public offering of 2,910,801 shares of its common stock.
  • The offering is being led by Barclays Capital Inc. and involves existing stockholders Sageview Partners L.P. and Teachers Insurance and Annuity Association of America.
  • The company will not sell any shares or receive proceeds from the offering, and its outstanding common stock will remain unchanged.
  • The shelf registration statement filed with the Securities and Exchange Commission has become effective.
  • Investors are advised to read the prospectus and related documents for information about the company and the offering.
  • The press release does not constitute an offer to sell or the solicitation of an offer to buy these securities.
  • Forward-looking statements in the press release are subject to various risks and uncertainties that could cause actual results to differ materially from the company's expectations.
  • As of December 31, 2014, EverBank Financial Corp, and its consolidated subsidiaries had $21.6 billion in assets and $15.5 billion in deposits.

Statistics:

  • 2,910,801 shares of EverBank Financial Corp's common stock will be offered by Sageview Partners L.P. and Teachers Insurance and Annuity Association of America.
  • The offering is being led by Barclays Capital Inc.
  • As of December 31, 2014, EverBank Financial Corp had $21.6 billion in assets.
  • The company's deposits as of December 31, 2014 stood at $15.5 billion.

Sources:

  • EverBank Financial Corp, [https://www.everbank.com](https://www.everbank.com) (Company website)
  • Bloomberg, "EverBank Financial Corp.: Pershing Square Sells Stake to Japans MSCI" (Source: Bloomberg)
  • SEC Filing, "Shelf Registration Statement" (Company filing with the SEC)
  • Email from Barclays Capital Inc. (Email regarding the offering of common stock)