Horizon Bancorp, Inc. Announces Closing of Common Stock Offering

Core Viewpoint - Horizon Bancorp, Inc. has successfully closed a public offering of 7,138,050 shares of common stock, raising approximately $103.5 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The offering included 931,050 shares sold under the underwriters' option, which was fully exercised, at a public price of $14.50 per share [1]. - The net proceeds from the offering will be utilized for general corporate purposes, including potential repositioning of the company's balance sheet [2]. Group 2: Company Overview - Horizon Bancorp, Inc. is a commercial bank holding company with assets totaling $7.7 billion as of June 30, 2025 [5]. - The company operates Horizon Bank, serving customers in the Midwest through digital tools and physical branches in Indiana and Michigan [5]. - Horizon's offerings include residential and secured consumer lending, personal banking, wealth management, business banking, and treasury management services, with commercial lending making up over half of total loans [5].