NYSE:BYBanks
Will Byline Bancorp's (BY) Debt Refinancing Reveal New Clues About Its Capital Strength Strategy?
Byline Bancorp recently completed a private placement of US$75 million in 6.875% fixed-to-floating rate subordinated notes due 2035, with proceeds earmarked to redeem existing 6.00% subordinated notes due 2030.
This refinancing move is intended to enhance the company’s capital structure and regulatory capital position, which can be an important consideration for bank investors.
We'll explore how Byline Bancorp’s targeted debt refinancing may influence its investment narrative built on...