Eagle Bancorp (EGBN) in Bethesda, Md., has filed a new shelf registration that would allow it to raise up to $125 million.
The $2.8 billion-asset company may periodically sell shares of common and preferred stock, depositary shares, debt securities and warrants to purchase various equity securities to raise the funds, Eagle said Friday in a Securities and Exchange Commission filing.
Eagle said it could use any proceeds for a variety of purposes such as contributing capital to its units, organic growth, de novo branching, acquisitions, repaying debt or repurchasing stock.
The shelf registration, once it becomes effective, will replace an existing registration that Eagle filed in July 2009 and expires on Tuesday, the company said. Besides a previously announced offering, Eagle has no current plans to sell securities under the new registration, Ronald D. Paul, Eagle chairman and chief executive, said in a Monday press release.
In May the company said it had filed documents with the SEC that would allow it raise up to $35 million by selling from time to time common stock in an at-the-market equity offering.