Brief: United Bancorp Inc says Entered Into Subordinated Note Purchase Agreement With Certain Institutional Investors

United Bancorp

14/05/2019 20:41

May 14 (Reuters) - United Bancorp Inc  UBCP.O :
    * UNITED BANCORP INC - ON MAY 14, 2019, ENTERED INTO A
SUBORDINATED NOTE PURCHASE AGREEMENT WITH CERTAIN INSTITUTIONAL
INVESTORS - SEC FILING
    * UNITED BANCORP INC - CO SOLD AND ISSUED $20.0 MILLION IN
AGGREGATE PRINCIPAL AMOUNT OF ITS 6.00% FIXED-TO-FLOATING RATE
SUBORDINATED NOTES DUE 2029
    * UNITED BANCORP INC - NOTES WERE ISSUED BY COMPANY TO
PURCHASERS
AT A PRICE EQUAL TO 100% OF THEIR FACE AMOUNT
    * UNITED BANCORP INC - INTENDS TO USE NET PROCEEDS FROM
OFFERING
TO SUPPORT REGULATORY CAPITAL RATIOS AND FOR GENERAL CORPORATE
PURPOSES

Source text - (https://bit.ly/2Jmmjio)
Further company coverage:  UBCP.O 

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