trending Market Intelligence /marketintelligence/en/news-insights/trending/taSOVCISddTAABaYZcSWbw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Eagle Bancorp prices upsized subordinated debt offering

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

Eagle Bancorp prices upsized subordinated debt offering

Bethesda, Md.-based EagleBancorp Inc. increased the aggregate principal amount of its publicoffering of 5.00% fixed-to-floating rate subordinated notes due 2026 to $150.0 millionfrom the previously announced amount of $75.0million.

The company set the price July 21 for its subordinated debt offering.The notes will initially bear interest at 5.00% per year, payable semiannually inarrears, commencing on the issue date, to, but excluding, Aug. 1, 2021, and, thereafter,payable quarterly in arrears, at an annual floating rate equal to three-month LIBORas determined for the applicable quarterly period, plus 3.85%.

The notes, which will mature Aug. 1, 2026, have been offeredto the public at par.

As previously reported, the company plans to use the net proceedsfor general corporate purposes.

Sandler O'Neill & Partners LP is acting as book-running managerfor the offering and Keefe Bruyette & Woods is co-manager.