debt
confidence high
sentiment neutral
materiality 0.60
Hanmi Financial issues $55M subordinated notes at 6.50%, plans to redeem $110M of 3.75% notes
HANMI FINANCIAL CORP
- Issued $55M aggregate principal of 6.50% Fixed-to-Floating Rate Subordinated Notes due 2036.
- Notes bear fixed 6.50% for first 5 years, then float at 3-month SOFR + 234 bps.
- Proceeds to redeem all $110M of outstanding 3.75% subordinated notes due 2031; redemption expected Sept 1, 2026.
- Notes qualify as Tier 2 capital for regulatory purposes.
- D.A. Davidson & Co. served as sole placement agent.