TowneBank priced $250M of 4.5% subordinated notes [Seeking Alpha]
Towne Bank (TOWN)
Last towne bank earnings: 4/27 08:30 am
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US:NASDAQ Investor Relations:
investor.townebank.com
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Source: Seeking Alpha
TowneBank (NASDAQ: TOWN ) priced $250M of its fixed-to-floating rate subordinated notes due 2027 at at a fixed rate of 4.50% p.a, payable semi-annually in arrears commencing on July 17, 2017 till July 30, 2022, and later payable quarterly in arrears, at an annual floating rate equal to three-month LIBOR plus 2.550%. Notes will be issued at a price of 100% of the principal amount on the maturity date of July 30, 2027. Net proceeds will be used for general corporate purposes supporting its growth organically or through strategic acquisitions. Sole book-running manager: Sandler O’Neill + Partners, L.P. Now read: 9 Dividend Increases: May 22-26, 2017 »
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News
- Compared to Estimates, TowneBank (TOWN) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- First Bancorp (FBNC) Misses Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- TowneBank Reports First Quarter 2024 EarningsGlobeNewswire
- TowneBank (TOWN) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release [Yahoo! Finance]Yahoo! Finance
- Institutional investors in TowneBank (NASDAQ:TOWN) see US$61m decrease in market cap last week, although long-term gains have benefitted them. [Yahoo! Finance]Yahoo! Finance