trending Market Intelligence /marketintelligence/en/news-insights/trending/TtC4cFhHyj2nKeq5k-pXXA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

MainSource enters into loan agreement with US Bank

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

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


MainSource enters into loan agreement with US Bank

entered a loan agreement with U.S. Bank NA to fund its of

U.S. Bankagreed to provide a single draw loan of up to $30 million to MainSource.

Theinterest rate on the loan is 2.25%, plus the greater of zero percent or theone-month LIBOR rate in effect two New York banking days prior to the beginningof each calendar month, with certain adjustments.

The loanbalance, including accrued interest, will become due April 28, 2019.

MainSourceannounced the Cheviot acquisition in November 2015. The deal is expectedto close May 20.