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Horizon Bancorp has announced a public offering of 6.2 million shares of common stock at $14.50 per share, aiming to raise approximately $90 million before expenses. The company plans to use the proceeds for general corporate purposes, including potential balance sheet repositioning, which is expected to strengthen its financial position and support growth initiatives.

Horizon Bancorp, Inc. (NASDAQ: HBNC), the parent company of Horizon Bank, has announced a public offering of 6.2 million shares of common stock at $14.50 per share. The offering is expected to raise approximately $90 million before expenses. The proceeds will be used for general corporate purposes, including potential balance sheet repositioning, which aims to strengthen the company's financial position and support growth initiatives.

The offering is being managed by Keefe, Bruyette & Woods, Inc., A Stifel Company and Performance Trust Capital Partners, LLC, who have been granted a 30-day option to purchase up to an additional 931,050 shares at the public offering price, less underwriting discounts and commissions. The underwriters expect to close the offering, subject to customary conditions, on or about August 22, 2025.

Horizon Bancorp intends to use the net proceeds from the offering for general corporate purposes, including in support of the potential repositioning of its balance sheet. The offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-282292) that was filed with and declared effective by the Securities and Exchange Commission (SEC). A preliminary prospectus supplement has been filed with the SEC, and a final prospectus supplement and accompanying prospectus will be filed with the SEC. Prospective investors are encouraged to read these documents for more complete information about Horizon and the offering.

References:
[1] https://www.globenewswire.com/news-release/2025/08/21/3136983/0/en/Horizon-Bancorp-Inc-Announces-Pricing-of-Common-Stock-Offering.html
[2] https://investor.horizonbank.com/news/news-details/2025/Horizon-Bancorp-Inc--Announces-Launch-of-Common-Stock-Offering/default.aspx