Floating rate

PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended June 30, 2021

Retrieved on: 
Wednesday, August 4, 2021
Telephone numbers, Conference call, Toll-free telephone number, Floating rate

ET ON AUGUST 5, 2021

Key Points: 
  • ET ON AUGUST 5, 2021
    PennantPark Floating Rate Capital Ltd. (we, our, us or the Company) will host a conference call at 9:00 a.m. (Eastern Time) on Thursday, August 5, 2021 to discuss its financial results.
  • All callers should reference conference ID #2369860 or PennantPark Floating Rate Capital Ltd. An archived replay of the call will be available through August 20, 2021 by calling toll-free (888) 203-1112. International callers please dial (719) 457-0820.
  • We are pleased with the strong performance of our portfolio this past quarter, said Arthur Penn, Chairman and CEO.
  • Set forth below are the results of operations for the three and nine months ended June 30, 2021 and 2020.

Bridgewater Bancshares, Inc. Completes Private Placement of $30.0 Million of 3.25% Fixed-to-Floating Rate Subordinated Notes

Retrieved on: 
Thursday, July 8, 2021
Banking, Professional services, Finance, Debt, Arrears, Bridgewater, Floating rate

Bridgewater Bancshares, Inc. (Nasdaq: BWB) (the Company), the parent company of Bridgewater Bank, today announced the completion of a private placement of $30.0 million in aggregate principal amount of 3.25% fixed-to-floating rate subordinated notes due 2031 (the Notes).

Key Points: 
  • Bridgewater Bancshares, Inc. (Nasdaq: BWB) (the Company), the parent company of Bridgewater Bank, today announced the completion of a private placement of $30.0 million in aggregate principal amount of 3.25% fixed-to-floating rate subordinated notes due 2031 (the Notes).
  • The Notes will initially bear interest at a rate of 3.25% per annum from July 8, 2021 to July 15, 2026, with interest during this period payable semi-annually in arrears.
  • The Notes are redeemable by the Company, in whole or in part, on or after July 15, 2026, and at any time upon the occurrence of certain events.
  • The Notes have been structured to qualify as Tier 2 capital for the Company for regulatory capital purposes.

PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Third Fiscal Quarter 2021 Results

Retrieved on: 
Thursday, July 1, 2021
Money, Finance, Economy, Loans, Debt, Credit, Bankruptcy, Financial law, Second lien loan, Secured loan, Subordinated debt, Floating rate

NEW YORK, July 01, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE:PFLT) announced that it will report results for the third fiscal quarter ended June 30, 2021 on Wednesday, August 4, 2021 after the close of the financial markets.

Key Points: 
  • NEW YORK, July 01, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE:PFLT) announced that it will report results for the third fiscal quarter ended June 30, 2021 on Wednesday, August 4, 2021 after the close of the financial markets.
  • ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.
    PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt.
  • PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.
  • PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein.

Southern BancShares (N.C.), Inc. Announces Completion Of $80 Million Subordinated Debt Offering

Retrieved on: 
Wednesday, June 23, 2021
Money, Finance, Interest rates, Economy, Arrears, Debt, SOFR, Accounts payable, Floating rate

Until June 30, 2026, the Notes will bear interest at a fixed annual rate of 3.125%, payable semi-annually in arrears.

Key Points: 
  • Until June 30, 2026, the Notes will bear interest at a fixed annual rate of 3.125%, payable semi-annually in arrears.
  • Thereafter, the Notes will bear interest at a floating rate equal to the three-month term SOFR plus 241 basis points, payable quarterly in arrears.
  • The Company intends to use the net proceeds of the offering for general corporate purposes.
  • served as legal counsel to the Company andWyrick Robbins Yates & Ponton LLP served as legal counsel to the placement agent.

HV Bancorp, Inc. Closes on a $10 Million Fixed to Floating Rate Subordinated Note

Retrieved on: 
Tuesday, June 1, 2021
Finance, Money, Financial services, Capital requirement, Promissory note, Bank holding company, Floating rate, Bank, Tier 2 capital

DOYLESTOWN, Pa., June 01, 2021 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (the Company) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the Bank), announced today the completion of its private placement of$10 millionof a 4.50% Fixed to Floating Rate Subordinated Note (the Note).

Key Points: 
  • DOYLESTOWN, Pa., June 01, 2021 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (the Company) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the Bank), announced today the completion of its private placement of$10 millionof a 4.50% Fixed to Floating Rate Subordinated Note (the Note).
  • The Note will have a maturity date ofMay 28, 2031,and initially bear interest, payable semi-annually in arrears at a fixed annual rate of 4.50% per annum untilMay 28, 2026.
  • The Company may redeem and pay the Note at par, in whole or in part, at its option, anytime beginning on or afterMay 28, 2026.
  • The Note is intended to qualify as Tier 2 capital for regulatory capital purposes for the Company.

PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.095 per Share

Retrieved on: 
Tuesday, May 4, 2021
Floating rate, Tel Aviv Stock Exchange, Leverage, Floating, Tase, Finance, Money, Economy

b'NEW YORK, May 04, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE: PFLT) declares its monthly distribution for May 2021 of $0.095 per share, payable on June 1, 2021 to stockholders of record as of May 17, 2021.

Key Points: 
  • b'NEW YORK, May 04, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE: PFLT) declares its monthly distribution for May 2021 of $0.095 per share, payable on June 1, 2021 to stockholders of record as of May 17, 2021.
  • PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.\nPennantPark Investment Advisers, LLC is a leading middle market credit platform, managing $4.3 billion of investable capital, including potential leverage.
  • PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein.
  • Please consult with qualified professionals for this type of advice.\nPennantPark Floating Rate Capital Ltd.\n'

Citigroup Declares Common Stock Dividend; Citigroup Declares Preferred Dividends

Retrieved on: 
Thursday, April 1, 2021
Banking, Other Professional Services, Professional services, Finance, Financial markets, Finance, Financial economics, Corporate finance, Equity securities, Stock market, Preferred stock, Dividend, Floating rate, Citigroup

The Board of Directors of Citigroup Inc. also declared dividends on Citigroups preferred stock as follows:

Key Points: 
  • The Board of Directors of Citigroup Inc. also declared dividends on Citigroups preferred stock as follows:
    5.350% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series D, payable May 17, 2021, to holders of record on May 7, 2021.
  • 7.125% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series J, payable June 30, 2021, to holders of record on June 18, 2021.
  • 6.875% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series K, payable May 17, 2021, to holders of record on May 7, 2021.
  • 6.300% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series M, payable May 17, 2021, to holders of record on May 7, 2021.

Alerus Financial Corporation Announces Private Placement of a $50 Million Subordinated Note Due 2031

Retrieved on: 
Tuesday, March 30, 2021
Banking, Professional services, Finance, Alerus Financial, Alerus, Debt, Credit, Subordinated debt, Grand Forks, North Dakota, Federal Intelligence Service, Floating rate, States of the United States, Midwestern United States

Alerus Financial Corporation (NASDAQ: ALRS) announced that it has completed the private placement of a $50 million Subordinated Note due 2031 (the Note) with The Bank of North Dakota (BND).

Key Points: 
  • Alerus Financial Corporation (NASDAQ: ALRS) announced that it has completed the private placement of a $50 million Subordinated Note due 2031 (the Note) with The Bank of North Dakota (BND).
  • The Note issuance to BND replaces the Companys previously redeemed 5.75% Fixed-to-Floating Rate Subordinated Notes due 2025, which was effective on January 29, 2021.
  • Were able to refinance our existing subordinated debt at an extremely low interest rate and without a placement fee.
  • Alerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, ND.

PennantPark Floating Rate Capital Ltd. Prices Public Offering of $100.0 Million 4.25% Unsecured Notes Due 2026

Retrieved on: 
Friday, March 19, 2021
Money, Finance, Economy, Loans, Debt, Credit, Bankruptcy, Financial law, Second lien loan, Secured loan, Subordinated debt, Floating rate

NEW YORK, March 19, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) (TASE: PFLT) announced that it has priced an underwritten public offering of $100.0 million in aggregate principal amount of its 4.25% unsecured notes due 2026.

Key Points: 
  • NEW YORK, March 19, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) (TASE: PFLT) announced that it has priced an underwritten public offering of $100.0 million in aggregate principal amount of its 4.25% unsecured notes due 2026.
  • Investors are advised to carefully consider the investment objectives, risks, charges and expenses of PennantPark Floating Rate Capital Ltd. before investing.
  • ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.
    PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt.
  • PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.

Citibank Announces $1.25 Billion Redemption of 3.165% Fixed Rate / Floating Rate Notes due February 2022 and $500 Million Redemption of Floating Rate Notes due February 2022

Retrieved on: 
Thursday, February 4, 2021
Banking, Professional services, Finance, Floating rate note, FRN, Floating rate

is announcing the redemption, in whole, constituting $1,250,000,000 in aggregate principal amount, of its 3.165% Fixed Rate / Floating Rate Notes due February 2022 (the FXD / FRN notes) (ISIN: US17325FAV04), and the redemption, in whole, constituting $500,000,000 in aggregate principal amount, of its Floating Rate Notes due February 2022 (the FRN notes, and together with the FXD / FRN notes, the notes) (ISIN: US17325FAU21).

Key Points: 
  • is announcing the redemption, in whole, constituting $1,250,000,000 in aggregate principal amount, of its 3.165% Fixed Rate / Floating Rate Notes due February 2022 (the FXD / FRN notes) (ISIN: US17325FAV04), and the redemption, in whole, constituting $500,000,000 in aggregate principal amount, of its Floating Rate Notes due February 2022 (the FRN notes, and together with the FXD / FRN notes, the notes) (ISIN: US17325FAU21).
  • The redemption date for the notes is February 19, 2021.
  • The cash redemption price payable for the notes on February 19, 2021 will equal par plus accrued and unpaid interest.
  • Beginning on the redemption date, the notes will no longer be outstanding and interest will no longer accrue on such securities.