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Guaranty Bancorp upsizes deal-related debt offering to $40M

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Guaranty Bancorp upsizes deal-related debt offering to $40M

Denver-basedGuaranty Bancorp increasedthe size of its acquisition-relatednote offering. It is nowselling $40 million of its 5.75% fixed-to-floating rate subordinated notes due July20, 2026. That is up from its initially offered $35 million in debt.

Net proceedswill be approximately $39.3 million.

Keefe Bruyette & Woods serves as sole book-running managerin the offering, which is set to close July 18.