First Foundation in Irvine, Calif., has filed the necessary documents to sell up to $200 million of securities.
The $3.5 billion-asset company submitted a shelf registration that lets it sell common stock, preferred stock, debt securities and warrants, among other things.
“We may offer and sell the securities in any combination from time to time in one or more offerings, for total gross proceeds of up to $200 million,” the filing said.
The company said it could sell securities to one or more underwriters, dealers and agents, or directly to purchasers, or a combination of these methods, on a continuous or delayed basis.
First Foundation said it could use proceeds for general corporate purposes, including the repayment of debt, buying back common stock and investing in growth initiatives such as acquisitions.