| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item |
Hancock Whitney redeems all 5.95% subordinated notes due 2045 at par
By Marisa Wong
Los Angeles, June 15 – Hancock Whitney Corp. announced that it redeemed all of its $150 million outstanding 5.95% subordinated notes due 2045 on Tuesday.
The notes were redeemed at par plus accrued interest, according to a press release.
The company expects cost savings of about $9 million annualized from the redemption and 5 basis points positive impact on the net interest margin. One-time costs associated with the redemption of about $4.2 million are expected to be included in the second quarter 2021 financial results.
Bank of New York Mellon Trust Co., NA is the trustee.
Hancock Whitney is a Gulfport, Miss.-based bank holding company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.