First Internet to redeem 6% fixed-to-floaters due 2026

Chicago, Aug. 16 – First Internet Bancorp plans to use a new private placement offering of notes to redeem its $25 million outstanding 6% fixed-to-floating-rate notes due Sept. 30, 2026, according to an 8-K filing with the Securities and Exchange Commission.

The notes were scheduled to convert to a floating rate of Libor plus 485 basis points on Sept. 30.

The redemption is now scheduled for that date.

First Internet is the Fishers, Ind.-based parent of First Internet Bank.

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