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Article: HF Financial Corp. Announces Commencement of Underwritten Public Offering of Common Stock.
- Article from:
- PR Newswire
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SIOUX FALLS, S.D., Nov. 2 /PRNewswire-FirstCall/ -- HF Financial Corp. today announced that it has commenced an offering of approximately $15 million of its common stock in an underwritten public offering through Sandler O'Neill + Partners, L.P. The Company intends to grant the underwriter a 30-day option to purchase up to an additional 15% of the common stock sold in the offering to cover over-allotments, if any.
The Company intends to use a portion of the net proceeds of the offering to repay outstanding borrowings under its loan with United Bankers' Bank. The Company will use the remainder of the net proceeds of the offering for general corporate purposes, ...