Horizon Bancorp, Inc. Prices Common Stock Offering

Horizon Bancorp, Inc., the parent company of Horizon Bank, has announced the pricing of its underwritten public offering of 6,207,000 shares of common stock at $14.50 per share, generating total gross proceeds of approximately $90,001,500. The company has also granted the underwriters an option to purchase an additional 931,050 shares. The net proceeds will be used for general corporate purposes, including supporting the potential repositioning of its balance sheet.

Key Takeaways:

• Horizon Bancorp, Inc. priced its underwritten public offering of 6,207,000 shares of common stock at $14.50 per share, generating total gross proceeds of approximately $90,001,500.
• The company has granted the underwriters an option to purchase up to an additional 931,050 shares of its common stock at the public offering price.
• The joint book-running managers for the offering are Keefe, Bruyette & Woods, Inc., A Stifel Company and Performance Trust Capital Partners, Llc.
• The net proceeds from the offering will be used by the company for general corporate purposes, including supporting the potential repositioning of its balance sheet.
• The commercial bank holding company has $7.7 billion in assets and operates through digital and virtual tools, as well as its Indiana and Michigan branches.
• The offering is expected to close on or about August 22, 2025, subject to customary conditions.

Statistics:

• 6,207,000 shares of common stock were sold in the offering.
• The offering price was $14.50 per share.
• Total gross proceeds from the offering were approximately $90,001,500.
• The underwriters have an option to purchase up to 931,050 additional shares.
• The company's assets stand at $7.7bn.
• The offering is expected to close on August 22, 2025.

Sources:

• "Horizon Bancorp, Inc. prices common stock offering." M2 Communications, August 22, 2025.
• Global Banking News, "Horizon Bancorp, Inc. prices common stock offering," August 22, 2025.