By James McCandless
San Antonio, Sept. 25 – Premier Financial Corp. priced a $50 million offering of fixed-to-floating rate subordinated notes due 2030 with a coupon of 4%, according to a press release and an 8-K filing with the Securities and Exchange Commission.
The company plans to use the proceeds for general corporate purposes.
Premier is a Defiance, Ohio-based financial services holding company.
| Issuer: | Premier Financial Corp.
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| Description: | Fixed-to-floating rate subordinated notes
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| Amount: | $50 million
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| Maturity: | 2030
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| Coupon: | 4%
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
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| Distribution: | Rule 144A
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