debt
confidence high
sentiment neutral
materiality 0.60
Popular, Inc. prices $400M of 7.25% Senior Notes due 2028 to refinance debt
POPULAR, INC.
- $400M aggregate principal of 7.25% Senior Notes due March 13, 2028; interest payable March 13 and Sept 13.
- Net proceeds to redeem $300M of 6.125% Senior Notes maturing Sept 14, 2023.
- Joint book-runners: BofA Securities, Goldman Sachs, Morgan Stanley.
- Offering expected to close on or about March 13, 2023.