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Stock impact report

Investar Holding Corporation Announces Subordinated Notes Offering

Investar Holding Corporation (ISTR) 
Last investar holding corporation earnings: 4/23 07:00 pm Check Earnings Report
Company Research Source: GlobeNewswire
BATON ROUGE, La., Nov. 12, 2019 (GLOBE NEWSWIRE) -- Investar Holding Corporation (“Investar”) (NASDAQ: ISTR), the parent holding company of Investar Bank, National Association, today announced that it has completed a private placement of $25.0 million in aggregate principal amount of subordinated notes to certain qualified institutional and other accredited investors. Investar intends to use the net proceeds of the notes offering to fund future acquisitions and for general corporate purposes, including investments in its banking subsidiary. The notes will initially bear interest at a rate of 5.125% per annum from and including November 12, 2019, to but excluding December 30, 2024, with interest during this period payable semi-annually in arrears. From and including December 30, 2024, to but excluding the maturity date or earlier redemption date, the interest rate will reset quarterly to an annual floating rate equal to the three-month LIBOR, or an alternative rate determined in acc Show less Read more
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