Company: ONBPP
Filing Date: 2025-02-03
Form Type: 424B3
Source: 0001104659-25-008430
Chunk: 48

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-03
Form: 424B3
Chunk 48
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  1,179,759 | ​ | ​ |
| ​ | Other liabilities                                   | ​ | ​ | ​ | ​ |    424,253 | ​ | ​ |
| ​ | Total liabilities                                   | ​ | ​ | ​ | ​ | 14,832,968 | ​ | ​ |
| ​ | Net assets acquired                                 | ​ | ​ | ​ | ​ |    656,890 | ​ | ​ |
| ​ | Preliminary goodwill                                | ​ | ​ | ​ | $ |    526,402 | ​ | ​ |

(1) Reflects the impact of the $315.0 million cash portion of consideration paid in accordance with the merger agreement. Note 3 — Pro Forma Adjustments A) Represents the $315.0 million cash portion of the merger consideration payable to holders of Bremer common stock in accordance with the merger agreement. B) Represents the receipt of $460.0 million from the forward purchaser and the issuance of 21,904,762 shares, in accordance with the terms of the forward sale agreements and assuming such shares are issued at the forward sale price of $21.00 per share (before underwriting discounts and commissions) and that the forward sale agreements have been fully physically settled. C) Represents pre-tax nonrecurring merger-related costs of $194.0 million (net of tax $153.0 million) expected to be incurred as a result of the mergers and forward sale agreements and assuming such costs are incurred after closing of the mergers. D) Adjustments to reflect preliminary estimate of Bremer’s securities portfolio fair value based on estimates of expected cash flows and current interest rates. E) Adjustments to loans based on preliminary valuation include the following (i) adjustments for credit deterioration in the acquired loan portfolio, (ii) an interest rate mark based on current market interest rates and spreads, and (iii) a gross up of PCD loans, each as reflected in the following table:

| ​ | Adjustments to loans                                                              | ​ | ​ | ​ | ​ |        ​ | ​ | ​ |
|:--|:----------------------------------------------------------------------------------|:--|:--|:--|:--|---------:|:--|:--|
| ​ | To record fair value related to the interest rate component of the loan portfolio | ​ | ​ | ​ | $ | -585,000 | ​ | ​ |
| ​ | To record fair value related to the credit component of the loan portfolio        | ​ | ​ | ​ |