HarborOne Bancorp, Inc. Completes Private Placement of $35 Million of Subordinated Notes
HarborOne Bancorp, Inc. (HONE)
US:NASDAQ Investor Relations:
harboronebancorp.com
Company Research
Source: Business Wire
BROCKTON, Mass.--(BUSINESS WIRE)-- HarborOne Bancorp, Inc. (the “Company”), Brockton, MA (NASDAQ: HONE), the holding company for HarborOne Bank (the “Bank”) today announced the completion of its private placement of $35 million in fixed-to-floating rate subordinated notes due 2028 (the “Notes”). The Notes bear a fixed rate of 5.625% for the first five years and will reset quarterly thereafter to the then current three-month LIBOR rate plus 278 basis points. The Notes were assigned an investment grade rating of BBB+ by Egan-Jones Ratings Company. The Company intends to use the net proceeds from the offering for general corporate purposes, including improving the liquidity position at the holding company and bank subsidiary. The Notes are intended to qualify as Tier 2 capital for the Company for regulatory purposes and the portion that the Company contributes to the Bank will qualify as Tier 1 capital for
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HONE
Earnings
- 1/30/24 - Miss
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Analyst Actions
- 1/31/24 - TheStreet
HONE
Sec Filings
- 4/15/24 - Form 4
- 4/15/24 - Form 3
- 4/2/24 - Form ARS
- HONE's page on the SEC website