Brief: Bar Harbor Bankshares Enters Into Subordinated Note Purchase Agreements With Certain Institutional Buyers And Investors

Bar Harbor Bankshares

26/11/2019 22:14

Nov 26 (Reuters) - Bar Harbor Bankshares  BHB.A :
    * BAR HARBOR BANKSHARES -  ENTERED INTO SUBORDINATED NOTE
PURCHASE
AGREEMENTS WITH CERTAIN INSTITUTIONAL BUYERS AND INVESTORS
    * BAR HARBOR BANKSHARES - PURSUANT TO AGREEMENT,  CO SOLD
AND
ISSUED $40.0 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF ITS 4.625%
FIXED-TO-FLOATING RATE SUBORDINATED NOTES DUE 2029
    * BAR HARBOR BANKSHARES - COMPANY INTENDS TO USE NET
PROCEEDS FROM
OFFERING FOR REPLACEMENT OF $22.0 MILLION IN DEBT OUTSTANDING AS
OF SEPTEMBER 30, 2019.

Source text: (https://bit.ly/35DjssI)
Further company coverage:  BHB.A 

 ((Reuters.Briefs@thomsonreuters.com;))