(Source: MARKETWIRE)
Washington Federal, Inc. (NASDAQ: WFSL), the parent company of
Washington Federal Savings, today announced the pricing of a public
offering of 21 million shares of its common stock at a public
offering price of $14.50 per share. The company has granted the
underwriters a 30-day option to purchase up to an additional 3.15
million shares to cover over-allotments, if any. The offering is
expected to close on September 21, 2009.
The net proceeds from the offering will qualify as both tangible
common equity and regulatory Tier 1 capital and will be used for
general corporate purposes, which may include capital to support
growth and acquisition opportunities.
J.P. Morgan Securities Inc. acted as the sole book-running manager
for the offering. D.A. Davidson & Co. and McAdams Wright Ragen acted
as co-managers.
The shares are being issued pursuant to a prospectus supplement to
the prospectus filed as a part of the Company's effective shelf
registration statement on Form S-3 (File No. 333-161897).
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these 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.
Offers may be made only by means of a prospectus and a related
prospectus supplement. Copies of a prospectus with respect to this
offering may be obtained from the SEC's website at www.sec.gov or
from J.P. Morgan Securities Inc., 4 Chase Metrotech Center, CS Level,
Brooklyn, NY 11245, Attention: Prospectus Department, 718-242-8002.
About Washington Federal
Washington Federal is the holding company for Washington Federal
Savings, a federally-chartered savings and loan association.
Washington Federal Savings, with headquarters in Seattle, Washington,
has 150 offices in eight western states.
Forward-Looking Statements
This press release includes forward-looking statements within the
meaning of the "Safe-Harbor" provisions of the Private Securities
Litigation Reform Act of 1995, which management believes are a
benefit to shareholders. These statements are necessarily subject to
risk and uncertainty and actual results could differ materially due
to various risk factors, including those set forth from time to time
in our filings with the SEC. You should not place undue reliance on
forward-looking statements and we undertake no obligation to update
any such statements. In this press release we make forward-looking
statements about our ability to raise common capital, the amount of
capital we intend to raise and our intended use of that capital.
Specific risks that could cause results to differ from the
forward-looking statements are set forth in our filings with the SEC
and include, without limitation, negative reaction to our public
offering, unfavorable pricing of the offering, changes in interest
rates and deterioration in the economy or our loan portfolio that
could alter our intended use of the proceeds. Washington Federal
undertakes no obligation to revise forward-looking statements to
reflect events or circumstances after the date of this press release.
SOURCE: Washington Federal, Inc.
A service of YellowBrix, Inc.
