The U.S. Department of Treasury is planning to sell 1.6 million warrants to buy stock of Wintrust Financial, The Wall Street Journal reports. The warrants, which will be sold through a Dutch auction method, will expire in December 2018.
Deutsche Bank Securities has been appointed as the sole book-runner in the transaction. The government injected $250 million of capital into Wintrust to support it during the financial crisis through the Troubled Asset relief Program, adds Reuters.
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