December 4, 2009 (FinancialWire) — Anchor BanCorp Wisconsin Inc. (NASDAQ: ABCW) has entered into agreements with Badger Anchor Holdings, LLC (Badger Holdings), pursuant to which Badger Holdings will make up to a $400 million investment in Anchor.

Badger Holdings will purchase from Anchor up to 483,333,333 shares of common stock at $0.60 per share. Badger Holdings will also provide Anchor with a term loan in the aggregate principal amount of $110 million, which will be convertible into shares of the company’s common stock at a conversion price of the lower of $0.60 per share or the market price at the time of conversion.

In connection with the transaction, the company will also offer up to 166 million shares of common stock to its shareholders of record on November 23, 2009, at a price of $0.60 per share.

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