debt
confidence high
sentiment neutral
materiality 0.60
Orrstown to redeem all $32.5M of 6.0% subordinated notes due 2028 on Sept 30, 2025
ORRSTOWN FINANCIAL SERVICES INC
- Board approved redemption of $32,500,000 outstanding 6.0% fixed-to-floating rate subordinated notes.
- Redemption price is 100% of principal plus accrued interest to Sept 30, 2025.
- Notes originally issued under indenture dated Dec 19, 2018 with U.S. Bank as trustee.
- Notice of redemption will be delivered separately by the trustee to noteholders.
item 8.01item 9.01