Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Hanover Bancorp, Inc. /MD incurred senior notes of $35.0 million with certain qualified institutional buyers and accredited investors at 7.25% Fixed-to-Floating Rate maturing March 15, 2036.
- Instrument
- senior notes
- Principal
- $35.0 million
- Counterparty
- certain qualified institutional buyers and accredited investors
- Rate
- 7.25% Fixed-to-Floating Rate
- Maturity
- March 15, 2036
- Event
- incurrence
Exact text from the filing
the Company issued and sold $35.0 million in aggregate principal amount of its 7.25% Fixed-to-Floating Rate Subordinated Notes due 2036
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Hanover Bancorp, Inc. /MD entered into Subordinated Note Purchase Agreements with certain qualified institutional buyers and accredited investors valued at $35.0 million (effective 2026-03-12).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- certain qualified institutional buyers and accredited investors
- Value
- $35.0 million
- Effective
- 2026-03-12
Exact text from the filing
On March 12, 2026, Hanover Bancorp, Inc. (the “Company”) entered into Subordinated Note Purchase Agreements (collectively, the “Purchase Agreements”) with certain qualified institutional buyers and accredited investors (collectively, the “Purchasers”) pursuant to which the Company issued and sold $35.0 million in aggregate principal amount of its 7.25% Fixed-to-Floating Rate Subordinated Notes due 2036 (the “Notes”).
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