New Issue: National Bank Holdings sells $40 million 3% 10-year fixed-to-floaters

By Devika Patel

Knoxville, Tenn., Nov. 5 – National Bank Holdings Corp. settled a $40 million private placement of 3% 10-year fixed-to-floating rate subordinated notes on Nov. 5, according to an 8-K filed with the Securities and Exchange Commission. Keefe, Bruyette & Woods, Inc. was the agent.

Interest accrues at 3% per year until Nov. 15, 2026. From then onwards, the notes will bear interest at a floating rate equal to SOFR plus 203 basis points.

The bank holding company is based in Greenwood Village, Colo.

Issuer:	National Bank Holdings Corp.
Issue:	Fixed-to-floating rate subordinated note
Amount:	$40 million
Maturity:	Nov. 15, 2031
Coupon:	3% until Nov. 15, 2026, then at SOFR plus 203 bps
Call:	At par on any interest payment date on or after Nov. 15, 2026
Agent:	Keefe, Bruyette & Woods, Inc.
Settlement date:	Nov. 5
Distribution:	Private placement

© 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.