Business news digest

REGION

F.N.B. public offering

HERMITAGE, Pa. — F.N.B. Corp. said Tuesday that it has completed its public offering of 24.15 million shares of common stock at a price of $5.50 per share. The net proceeds of the offering after deducting underwriting discounts and commissions and estimated offering expenses are expected to be about $125.8 million.

Stephen Gurgovits, F.N.B.’s chairman, president and chief executive, said the money will be used to expand the company with internal growth and acquisitions and allow it to consider buying back $100 million in preferred shares issued to the U.S. Treasury.

NATION

Use of credit facility OK’d

NEW YORK — A bankruptcy judge says Delphi can have access to a $250 million credit facility.

U.S. Bankruptcy Judge Robert Drain on Tuesday gave final approval to the use of the credit facility, which will be provided by Delphi Corp.’s former parent, General Motors Corp. The Troy, Mich.-based auto supplier will use the funding to keep itself going until the expected sale of some of its assets to an affiliate of private equity firm Platinum Equity or another party.

From Vindicator staff and wire reports