NasdaqGS:EFSCBanks
Enterprise Financial’s New Subordinated Notes Offering Might Change The Case For Investing In EFSC
Enterprise Financial Services Corp recently completed a US$175,000,000 fixed-to-floating rate subordinated notes offering due July 1, 2036, issued at 100% of face value with a 1.25% discount per security and a variable coupon.
This callable, unsecured junior debt issuance adds flexible, long-term funding that the company can potentially use for balance sheet management or future initiatives.
We’ll now examine how Enterprise Financial Services Corp’s new fixed-to-floating subordinated notes...