By Stephanie N. Rotondo
Phoenix, Dec. 4 - First PacTrust Bancorp Inc. sold $45 million of 7.5% senior notes due April 15, 2020 in a reopening, the company said in an FWP filed with the Securities and Exchange Commission on Tuesday.
The company originally issued $33 million of the notes on April 23, 2012.
Interest will be payable on the 15th day of January, April, July and October, beginning Jan. 15.
The notes can be called on or after April 15, 2015.
Joint bookrunners were UBS Securities LLC and Raymond James & Associates Inc.
Proceeds will be used for possible acquisitions, to support organic growth, investments or extensions of credit to subsidiaries, for investments in securities and for general corporate purposes.
First PacTrust is based in Irvine, Calif.
| Issuer: | First PacTrust Bancorp Inc.
|
| Securities: | Senior notes
|
| Amount: | $45 million add-on
|
| Greenshoe: | $6.75 million
|
| Maturity: | April 15, 2020
|
| Bookrunners: | UBS Securities LLC, Raymond James & Associates Inc.
|
| Lead manager: | D.A. Davidson & Co.
|
| Co-managers: | Sterne Agee & Leach, Inc., Wunderlich Securities
|
| Coupon: | 7.5%
|
| Price: | Par of $25
|
| Yield: | 7.5%
|
| Call options: | On or after April 15, 2015 at par plus accrued interest
|
| Pricing date: | Dec. 3
|
| Settlement date: | Dec. 6
|
| Symbol: | Nasdaq: BANCL
|
| Cusip: | 33589V309
|
| Original issue: | $33 million priced April 23, 2012
|
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