Old Second Bancorp to redeem $45 million fixed-to-floaters due 2026

By William Gullotti

Buffalo, N.Y., May 25 – Old Second Bancorp, Inc. plans to redeem all of its outstanding 5.75% fixed-to-floating rate senior notes due Dec. 31, 2026 (Cusip: 680277AB6), according to an 8-K filing with the Securities and Exchange Commission.

The redemption price for the notes will be par plus accrued interest to, but excluding, the June 30 redemption date.

Wells Fargo National Bank, NA is the trustee and paying agent.

The $45 million series was issued Dec. 15, 2016.

Old Second is an Aurora, Ill., 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.