| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers O > Headlines for Old Line Bancshares, Inc. > News item |
Old Line Bancshares to offer fixed-to-floating rate notes
By Lisa Kerner
Charlotte, N.C., Aug. 9 – Old Line Bancshares, Inc. announced a proposed offering of fixed-to-floating rate subordinated unsecured notes to qualified institutional buyers, according to an 8-K filed with the Securities and Exchange Commission.
Proceeds from the Rule 144A offering are expected to be used to fund the purchase of the company’s remaining 37.5% interest in Pointer Ridge Office Investments, LLC, of which it owns 62.5%, to repay certain debt and for general corporate purposes, including to fund future growth.
The holding company of Old Line Bank is based in Bowie, Md.
© 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.