Horizon Bancorp, Inc. Announces Launch of Common Stock Offering

Core Viewpoint - Horizon Bancorp, Inc. has initiated an underwritten public offering of its common stock, with plans to grant underwriters a 30-day option to purchase an additional 15% of the shares sold in the offering [1][2]. Group 1: Offering Details - The net proceeds from the offering will be utilized for general corporate purposes, including potential repositioning of the company's balance sheet [2]. - The offering is conducted under a shelf registration statement on Form S-3, which has been filed and declared effective by the SEC [3]. Group 2: Company Overview - Horizon Bancorp, Inc. is a commercial bank holding company with assets totaling $7.7 billion, serving customers in the Midwest through digital tools and physical branches in Indiana and Michigan [5]. - The bank's offerings include residential and secured consumer lending, personal banking, wealth management, business banking, treasury management services, and equipment financing, with commercial lending making up over half of total loans [5].