First Hawaiian, Inc. Announces Pricing of Secondary Common Stock Offering

Sep 06, 2018

HONOLULU, Sept. 05, 2018 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ: FHB) (the “Company”) announced the pricing of a secondary offering of 20 million shares of its common stock for total gross proceeds (before estimated expenses) of approximately $577 million. The shares have been offered by an affiliate of BNP Paribas. The selling stockholder has also granted the underwriters a 30-day option to purchase up to an additional 3 million shares of the Company’s common stock. The Company will not receive any of the proceeds from the sale of the shares by the selling stockholder. The offering is expected to close on September 10, 2018, subject to customary closing conditions.

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