ATLANTA, June 5, 2013 /PRNewswire/ -- Fidelity Southern Corporation (NASDAQ: LION) ("Fidelity Southern" or the "Company") announced today the pricing of an underwritten public offering of 5,000,000 shares of its common stock at a price of $12.00 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 15 percent of the shares of common stock sold pursuant to this transaction to cover over-allotments, if any.
The Company intends to use the net proceeds from this offering, together with its cash on hand as necessary, to: (i) redeem the $48.2 million in shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, originally issued to the U.S. Department of the Treasury under the Troubled Asset Relief Program Capital Purchase Program; and (ii) redeem the two series of its fixed rate trust preferred securities with an aggregate outstanding principal amount of $20.5 million, plus an estimated $410 thousand of after-tax redemption premiums. The Company intends to use any remaining net proceeds for general corporate purposes.
The offering of common stock may be made only by means of a prospectus and a related prospectus supplement. Keefe, Bruyette & Woods, a Stifel company, and Robert W. Baird & Co. are the joint book-running managers in the offering. FIG Partners, LLC is acting as co-manager for the offering.
A registration statement relating to the shares is effective with the Securities and Exchange Commission. A prospectus supplement relating to the offering has been filed with the Securities and Exchange Commission. Copies of the prospectus and related prospectus supplement may be obtained from the SEC's Web site at: www.sec.gov. Alternatively, you may obtain copies of the prospectus and prospectus supplement by contacting Keefe, Bruyette & Woods, Inc., Attention: Equity Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019, telephone (800) 966-1559.This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.