Market Overview

TCF Financial Reports Preferred Stock Offering

Share:
Related TCB
UPDATE: D.A. Davidson Upgrades TCF Financial On Potential For More Predictable Results
Earnings Scheduled For July 25, 2014

TCF Financial Corporation (“TCF”) (NYSE: TCB) today announced that it has commenced an underwritten registered public offering of Series B Non-Cumulative Perpetual Preferred Stock (“Preferred Stock”). TCF intends to grant the underwriters a 30-day option to purchase additional shares to cover over-allotments, if any. Morgan Stanley & Co. LLC and UBS Securities LLC are acting as joint book-running managers. RBC Capital Markets, LLC and Stifel, Nicolaus & Company, Incorporated will serve as co-managers.

The shares will be offered pursuant to a prospectus supplement filed as part of a shelf registration statement filed with the Securities and Exchange Commission on Form S-3.

Posted-In: News Offerings

 

Related Articles (TCB)

Around the Web, We're Loving...

Get Benzinga's Newsletters