Company: WTFCN
Filing Date: 2025-05-09
Form Type: 8-K
Source: 0001104659-25-046807
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Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-09
Form: 8-K
Item: Item 1.01
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Item 1.01.      Entry into a Material Definitive Agreement.  

On May 8, 2025, Wintrust Financial Corporation
(the “ Company”) entered into an Underwriting Agreement (the “ Underwriting Agreement”) with RBC Capital Markets,
LLC, as representative of the several underwriters named in Schedule A thereto (the “ Underwriters”), providing for the offer
and sale in a firm commitment underwritten public offering (the “ Offering”) of 17,000,000 depositary shares (the “ Depositary
Shares”), each representing a 1/1,000th interest in a share of the Company’s 7.875% Fixed-Rate Reset Non-Cumulative Perpetual
Preferred Stock, Series F, no par value per share (the “ Series F Preferred Stock”), with a liquidation preference of $25,000
per share (equivalent to $25.00 per Depositary Share).

The Underwriting Agreement includes customary representations,
warranties and covenants by each of the Company and the Underwriters related to the Offering. The Company also agreed to indemnify the
Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended, and to customary contribution
provisions in respect of those liabilities.

The Offering is being conducted pursuant to the
Prospectus Supplement, dated May 8, 2025 (the “ Prospectus Supplement”), to the Prospectus dated May 9, 2023, forming a part
of the Company’s effective shelf registration statement on Form S-3 (File No. 333-271788). The Offering is expected to close on
May 22, 2025, subject to customary closing conditions.

The estimated net proceeds from the Offering, after
deducting the underwriting discounts and estimated offering expenses payable by the Company, will be approximately $414.7 million.

The Company intends to use the net proceeds from
the Offering for general corporate purposes, which may include the redemption of all or a portion of our outstanding shares of Series
D preferred stock and/or Series E preferred stock and the corresponding depositary shares representing interests in the Series E preferred
stock, subject to approval from the Federal Reserve. Pending such use, the net proceeds may be invested in cash or short-term marketable
securities.

Certain affiliates of
the Underwriters serve as lenders and administrative agent under the Company’s existing credit facilities, the terms of which
are set forth in the Company’s