BuckleySandler client Eagle Bancorp announced on March 10, 2015 the completion of its previously announced public offering of 2,449,479 shares of its common stock at $35.50 per share. The Company also announced that the underwriter had exercised its over-allotment option in full, resulting in the sale of an additional 367,421 shares of common stock. The offering resulted in gross proceeds of approximately $100.0 million and net proceeds of approximately $94.5 million, after underwriting discounts and estimated expenses of the offering.
BuckleySandler partner David Baris and counsel Noel Gruber served as counsel on the transaction.
Noel Gruber commented, “We’re extremely pleased to have been able to represent Eagle in this transaction. Within the past year, we have represented Eagle in publicly offering $170 million in common stock and subordinated notes, and a $190 million strategic acquisition. Having represented Eagle on corporate, transactional, securities and regulatory matters since its organization in 1998, we are very proud to be associated with Eagle and its exceptional success.”
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