Brief: Veritex Holdings Reports Termination Of $500 Mln Of Interest Rate Swap Entered Into In March 2020

Veritex Holdings

24/02/2021 22:31

Feb 24 (Reuters) - Veritex Holdings Inc  VBTX.O :
    * VERITEX HOLDINGS INC - ANNOUNCED TERMINATION OF $500
MILLION OF
AN INTEREST RATE SWAP ENTERED INTO IN MARCH 2020
    * VERITEX - DUE TO TERMINATION, EXPECTS TO RECOGNIZE NET
PRE-TAX
GAIN OF ABOUT $43.0 MILLION INTO INCOME FROM MARCH 2022 ON
STRAIGHT LINE BASIS OVER 10 YEAR PERIOD

Source text for Eikon:  ID:nGNXbxpjt 
Further company coverage:  VBTX.O 

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