trending Market Intelligence /marketintelligence/en/news-insights/trending/FXeoK1odhvyYM63qKfa4gA2 content esgSubNav
In This List

Heritage Commerce completes debt offering


Latin American and Caribbean Market Considerations Blog Series: Focus on LGD


Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level


Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

Heritage Commerce completes debt offering

San Jose, Calif.-based Heritage Commerce Corp on May 26 completed its underwritten public offering of $40 million aggregate principal amount of its fixed- to floating-rate subordinated notes due June 1, 2027.

Net proceeds from the offering, after deducting underwriting discounts and estimated offering expenses, is approximately $39.1 million.

Sandler O'Neill & Partners LP served as the lead book-running manager while Keefe Bruyette & Woods was passive book-running manager. Heritage Commerce was represented by Buchalter, a professional corporation, and the underwriters were represented by Holland & Knight LLP.