MB Financial, Inc. Announces Redemption of Certain of its Trust Preferred Securities
MB FINANCIAL (MBFI)
Last mb financial earnings: 10/24 04:02 pm
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US:NASDAQ Investor Relations:
investor.mbfinancial.com
Company Research
Source: GlobeNewswire
CHICAGO, Feb. 15, 2018 (GLOBE NEWSWIRE) -- MB Financial, Inc. (the “Company”) (NASDAQ:MBFI) announced today that American Chartered Statutory Trust I (the “Trust”) will redeem all of the Trust’s issued and outstanding capital (preferred) securities (the “Capital Securities”) on March 19, 2018. The aggregate redemption price (the “Redemption Price”) is $20.0 million plus accrued and unpaid interest to, but excluding, March 18, 2018, totaling approximately $0.3 million. The redemption of the Capital Securities is a result of the concurrent redemption that will be made by the Company of its Floating Rate Junior Subordinated Deferrable Interest Debentures due 2031 (the “Debentures”), all of which are held by the Trust. The Debentures were originally issued by American Chartered Bancorp, Inc. (“American Chartered”) and were assumed by the Company upon the merger of American Chartered with and into the Company on August 24, 2016. Notice of the redemption and payment of the aggregate R
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