debt
confidence high
sentiment positive
materiality 0.35
South Plains Financial redeems $12.4M subordinated notes due 2028
SOUTH PLAINS FINANCIAL, INC.
- Redeemed entire $12,372,000 principal of 2028 Notes on Dec 15, 2023.
- Redemption price was 100% of principal plus accrued interest to Dec 15.
- Redemption approved by primary federal regulator on Oct 30, 2023.
- Holders receive payment upon surrendering notes to trustee/paying agent.