Two big shareholders in First Bancorp are selling more stock in the San Juan, Puerto Rico, company.
The $11.9 billion-asset company disclosed in a regulatory filing Thursday that affiliates of Thomas H. Lee Partners and funds managed by Oaktree Capital Management have each filed to sell 10 million shares of common stock.
The investors could sell a total of 3 million additional shares if there is enough demand. The offering, which would be the
The funds in 2011 participated in a