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BankUnited, Inc. Announces Pricing Of Secondary Offering Of Common Stock

Stocks in this article: BKU

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 per share.

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 prospectus@morganstanley.com; or BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attention: Prospectus Department or by e-mailing dg.prospectus_requests@baml.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 (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.

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