New York Community Bancorp, Inc. (NYCB) has successfully raised $1.05 billion in equity, with the investment led by former U.S. Treasury Secretary Steven Mnuchin's Liberty Strategic Capital, alongside Hudson Bay and Reverence Capital. Liberty will invest $450 million, Hudson Bay $250 million, and Reverence $200 million. The deal, set to close around March 11th, involves the sale and issuance of shares at $2 per share. As part of the transaction, NYCB will welcome new directors to its board, including Mnuchin himself. This significant financial infusion aims to bolster NYCB's position in the banking sector.
Steve Mnuchin bailing out NYCB https://t.co/Em8PqYyrH3
NYCB announces small strategic package secured from Former Treasury Sec Mnuchinโs fund
Steve Mnuchin coming to save $NYCB https://t.co/D70yZhL56D
Steven Mnuchin coming to save $NYCB https://t.co/w8DPhceq1T
$NYCB New York Community raises $1.05B in fresh equity (at $2/shr.) https://t.co/Nx8b4ZYiRQ
* $NYCB RAISES MORE THAN $1 BN IN EQUITY LED BY STEVE MNUCHIN'S FIRM https://t.co/rBJP5QQTrq
* NYCB RAISES MORE THAN $1 BLN IN EQUITY LED BY MNUCHIN'S FIRM @JohnSpall247 $NYCB https://t.co/fuYTPspRx4
What was the valuation, ya think? https://t.co/tI3fHNoJde
NYCB raises more than $1 billion in equity investment https://t.co/SfhwoM8qNj
NYCB plans to announce an equity investment of more than $1 billion led by Steven Mnuchinโs Liberty Strategic Capital, Hudson Bay Capital and Reverence Capital Partners, according to a spokesperson for the bank https://t.co/KXddSGhFOQ
At what cost? $kre $nycb https://t.co/gmECAlw9rm
NYCB plans to announce an equity investment of more than $1 billion led by Steven Mnuchinโs Liberty Strategic Capital, Hudson Bay Capital and Reverence Capital Partners https://t.co/ji0tEw020L
NYCB RAISES MORE THAN $1 BILLION IN EQUITY LED BY MNUCHIN'S FIRM NEW YORK COMMUNITY BANK $NYCB TO SELL AND ISSUE SHARES AT $2 PER SHARE
$NYCB raise was at $2/share, closing March 11th
$NYCB raises more than $1 billion in equity led by Mnuchin's firm, per BBG To reportedly sell and issue shares at $2 per share
$NYCB has raised more than $1 billion in equity led by Mnuchin's firm.
Is Mnuchin going to bail them all out? $kre $nycb
$NYCB press release, deal to close around March 11th: NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES OVER $1 BILLION EQUITY INVESTMENT ANCHORED BY FORMER U.S. TREASURY SECRETARY STEVEN MNUCHIN'S LIBERTY STRATEGIC CAPITAL, HUDSON BAY AND REVERENCE CAPITAL PR Newswire HICKSVILLE,โฆ
NYCB Announces $1BN Equity Infusion, Fmr Tsy Sec Mnuchin Joins Board https://t.co/yWPZ2TaSlE
According to BBG and $NYCB representative, Liberty will invest $450 million, Hudson Bay $250 million and Reverence $200 million as part of the transaction, the spokesperson said. In connection with the deal, NYCB will add new directors to its board, including Mnuchin and Josephโฆ
*NYCB RAISES MORE THAN $1 BLN IN EQUITY LED BY MNUCHIN'S FIRM *NYCB INVESTORS INCLUDE LIBERTY STRATEGIC, HUDON BAY, REVERENCE
To the rescue https://t.co/bl7mkKfIOV
*NYCB RAISES MORE THAN $1 BLN IN EQUITY LED BY MNUCHIN'S FIRM
Well, this seems fishy... Probs a sweatheart deal for Secretary of Treasury *NYCB RAISES MORE THAN $1 BLN IN EQUITY LED BY MNUCHIN'S FIRM
$NYCB | NYCB Raises More Than $1 Bln In Equity Led By Mnuchin's Firm
*NYCB RAISES MORE THAN $1 BLN IN EQUITY LED BY MNUCHIN'S FIRM
SO, $NYCB HAS RAISED >$1 BLN IN EQUITY LED BY MNUCHIN'S PRIVATE EQUITY FIRM