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Stock impact report

Equity Bancshares, Inc. Announces Completion of Additional $33 Million Subordinated Notes Offering, Raising a Total of $75 Million

Equity Bancshares, Inc. Class A (EQBK) 
Last equity bancshares, inc. class a earnings: 4/29 07:21 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.equitybank.com/investor-relations
Company Research Source: GlobeNewswire
WICHITA, Kan., July 23, 2020 (GLOBE NEWSWIRE) -- Equity Bancshares, Inc. (NASDAQ: EQBK), (“Equity”, “we”, “us”, “our”), the Wichita-based holding company of Equity Bank, announced the issuance of $33 million aggregate principal amount of fixed-to-floating rate subordinated notes due 2030 (the “Notes”) to certain institutional accredited investors and qualified institutional buyers in a private placement transaction.  The offering of the Notes is a further issuance of the 7.00% Fixed-to-Floating Rate Subordinated Notes, due 2030, issued on June 29, 2020, and form a single series with and are identical in all material respects to the $42.0 million aggregate principal amount of outstanding notes. The Notes are intended to qualify as Tier 2 capital for regulatory capital purposes.  The Notes will initially bear interest at a fixed annual rate of 7.00%, payable semi-annually in arrears to, but excluding, June 30, 2025. From and including June 30, 2025, to, but excluding, the maturity d Show less Read more
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