debt
confidence high
sentiment neutral
materiality 0.75
Peapack-Gladstone redeems all $100M of 3.50% subordinated notes due 2030
PEAPACK GLADSTONE FINANCIAL CORP
- Redeeming all $100M aggregate principal of 3.50% Fixed-to-Floating Rate Subordinated Notes due December 22, 2030.
- Redemption price is 100% of principal plus accrued interest to but excluding March 2, 2026.
- Expected redemption date on or about March 2, 2026; Company to remain well capitalized after redemption.