debt
confidence high
sentiment neutral
materiality 0.55
Home Bancorp issues $55M in 5.75% subordinated notes due 2032
HOME BANCORP, INC.
- $55M aggregate principal, 5.75% fixed rate for first 5 yrs then SOFR+282bps.
- Notes mature June 30, 2032; redeemable after June 30, 2027.
- Private placement to accredited investors; unsecured, subordinated, Tier 2 capital.
- Proceeds to support organic growth, share repurchases, and potential M&A.
- Egan-Jones assigned investment grade rating of A- to the Notes.