MIAMI LAKES, Fla. -- (Business Wire)
BankUnited, Inc. (NYSE: BKU) (the "Company") announced today the
commencement of an underwritten offering of 19,600,000 shares of its
common stock by certain of its existing stockholders (collectively, the
"Selling Stockholders"), subject to market and other conditions.
The Company will not receive any proceeds from the offering. In
connection with the offering, the Selling Stockholders intend to grant
the underwriters an option to purchase an additional 2,940,000 shares in
The offering will be 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. When available, copies of the
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 email@example.com;
or BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attention:
Prospectus Department or by e-mailing firstname.lastname@example.org.
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.
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 and
its subsidiaries 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. Information on these
factors can be found in the Company's Annual Report on Form 10-K for the
year ended December 31, 2012 available at the SEC's website (www.sec.gov).
Leslie Lunak, 786-313-1698
Source: BankUnited, Inc.
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