Katahdin Bankshares Corp. Announces Offer to Repurchase 5.375% Fixed Senior Unsecured Notes
Katahdin Bankshares Corp. (OTCQX: KTHN) has announced an offer to repurchase its outstanding 5.375% Fixed Senior Unsecured Notes due June 15, 2026. The notes, currently held by nine institutional investors, total $14.5 million in aggregate principal amount. The company is offering to repurchase at par value plus accrued unpaid interest. The repurchase will be funded through a special dividend from Katahdin Trust Company and is set to close on December 16, 2024. The transaction has been reported to relevant bank regulatory agencies and is not considered material to the bank's financial condition.
Katahdin Bankshares Corp. (OTCQX: KTHN) ha annunciato un'offerta per riacquistare le sue Obbligazioni Senior Non Garantite Fisse al 5,375% in scadenza il 15 giugno 2026. Le obbligazioni, attualmente detenute da nove investitori istituzionali, ammontano a un totale di 14,5 milioni di dollari in valore nominale aggregato. La società offre di riacquistare al valore nominale più gli interessi non pagati maturati. Il riacquisto sarà finanziato tramite un dividendo straordinario da Katahdin Trust Company ed è previsto che si chiuda il 16 dicembre 2024. La transazione è stata segnalata alle agenzie di regolamentazione bancaria competenti e non è considerata materiale per la condizione finanziaria della banca.
Katahdin Bankshares Corp. (OTCQX: KTHN) ha anunciado una oferta para recomprar sus Notas Senior No Garantizadas Fijas del 5.375% que vencen el 15 de junio de 2026. Las notas, que actualmente están en manos de nueve inversores institucionales, suman un total de 14.5 millones de dólares en valor nominal agregado. La compañía ofrece recomprarlas al valor nominal más los intereses no pagados acumulados. La recompra será financiada a través de un dividendo especial de Katahdin Trust Company y está programada para cerrarse el 16 de diciembre de 2024. La transacción ha sido reportada a las agencias regulatorias bancarias pertinentes y no se considera material para la condición financiera del banco.
Katahdin Bankshares Corp. (OTCQX: KTHN)은 2026년 6월 15일 만기인 5.375% 고정 선순위 무담보 채권의 자사 보유분을 재매입하겠다고 발표했습니다. 현재 아홉 개의 기관 투자자가 보유하고 있는 이 채권의 총액은 1,450만 달러입니다. 회사는 액면가와 미지급 이자를 더한 금액으로 재매입하겠다고 제안하고 있습니다. 재매입은 Katahdin Trust Company의 특별 배당금을 통해 자금이 조달될 예정이며, 2024년 12월 16일에 마감될 것입니다. 이 거래는 관련 은행 규제 기관에 보고되었으며, 은행의 재무 상태에 중요한 영향을 미치는 것으로 간주되지 않습니다.
Katahdin Bankshares Corp. (OTCQX: KTHN) a annoncé une offre de rachat de ses Obligations Senior Non Garanties à Taux Fixe de 5,375% arrivant à échéance le 15 juin 2026. Les obligations, actuellement détenues par neuf investisseurs institutionnels, représentent un montant principal total de 14,5 millions de dollars. La société propose de racheter au prix nominal plus les intérêts courus et non payés. Le rachat sera financé par un dividende spécial provenant de Katahdin Trust Company et doit être finalisé le 16 décembre 2024. La transaction a été signalée aux agences de réglementation bancaire concernées et n'est pas considérée comme significative pour la situation financière de la banque.
Katahdin Bankshares Corp. (OTCQX: KTHN) hat ein Angebot zum Rückkauf ihrer ausstehenden 5,375% festen nachrangigen Anleihen mit Fälligkeit am 15. Juni 2026 angekündigt. Die Anleihen, die derzeit von neun institutionellen Investoren gehalten werden, haben einen Gesamtnennbetrag von 14,5 Millionen Dollar. Das Unternehmen bietet an, diese zum Nennwert zuzüglich aufgelaufener, unbezahlter Zinsen zurückzukaufen. Der Rückkauf wird durch eine Sonderdividende von Katahdin Trust Company finanziert und soll am 16. Dezember 2024 abgeschlossen werden. Die Transaktion wurde den zuständigen Bankenaufsichtsbehörden gemeldet und wird nicht als wesentlich für die finanzielle Lage der Bank betrachtet.
- Strategic debt management through note repurchase offer
- No premium payment required for repurchase, offering at par value
- Transaction not materially impacting bank's financial condition
- Reduction of $14.5 million in working capital due to note repurchase
- Special dividend required from Katahdin Trust Company to fund repurchase
These notes presently are held of record by nine institutional investors, in an aggregate principal amount of
Closing presently is scheduled for December 16, 2024.
About Katahdin Bankshares Corp.
Katahdin Bankshares Corp. is the bank holding company of Katahdin Trust Company. Founded in 1918, Katahdin Trust is a community bank based in
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SOURCE Katahdin Bankshares Corp.
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