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BankUnited
(together with its subsidiaries, the "Company")
announced today the commencement of an underwritten offering of 10,307,197
shares of its common stock by investment funds affiliated with The
Blackstone Group, The Carlyle Group, WL Ross & Co. LLC and Centerbridge
Partners, L.P., subject to market and other conditions.
BankUnited, Inc. will not receive any proceeds from the offering. In
connection with the offering, the Selling Stockholders intend to grant the
underwriter an option to purchase an additional 1,546,079 shares in the
offering.
The offering will be made pursuant to an effective shelf registration
statement on Form S-3 filed with the Securities and Exchange Commission on
March 6, 2013.
Goldman, Sachs & Co. is acting as the sole underwriter for this offering.
When available, copies of the prospectus supplement and accompanying
prospectus related to this offering may be obtained from: Goldman, Sachs &
Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282,
telephone: 866-471-2526, facsimile: 212-902-9316, e-mail:
prospectus-ny@ny.email.gs.com.
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.
About BankUnited, Inc.
BankUnited, Inc., a bank holding company with consolidated total assets of
$15.0 billion at December 31, 2013, is the holding company of BankUnited,
N.A., a national bank headquartered in Miami Lakes, Florida with 99 branches
in 15 Florida counties and 6 banking centers in the New York metropolitan
area.
Forward-Looking Statements
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 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 including, but not limited to, the risk factors
described in the prospectus supplement for the underwritten offering and the
Company's most recent Annual Report on Form 10-K, filed with the SEC and
available at the SEC's website (www.sec.gov).
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