NasdaqGS:TBBKBanks
Bancorp’s $200M Senior Notes Offering Could Be a Game Changer for TBBK
The Bancorp, Inc. recently completed a US$200 million fixed-income offering, issuing 7.375% senior unsecured notes due September 1, 2030, at a price of 100% with a 1.5% discount and callable features.
This substantial capital raise not only enhances Bancorp's liquidity position but also provides the company with additional flexibility to fund growth opportunities or manage future liabilities.
We will explore how Bancorp’s sizable capital raising through senior notes may influence its...