debt
confidence high
sentiment neutral
materiality 0.50
LCNB Corp. enters $20M unsecured revolving credit facility with Bankers' Bank
LCNB CORP
- Obtained $20M unsecured revolving line of credit from Bankers' Bank, maturing Feb 8, 2023.
- Interest rate at Wall Street Journal Prime Rate minus 0.25%; no prepayment penalty.
- Line is unsecured and subject to standard events of default.
- Proceeds to be used for general business operations of LCNB Corp.