debt
confidence high
sentiment neutral
materiality 0.70
CB Financial Services issues $15M 3.875% subordinated notes due 2031, floating after 2026
CB Financial Services, Inc.
- Issued $15M aggregate principal of 3.875% Fixed-to-Floating Rate Subordinated Notes due Dec 15, 2031.
- Fixed rate of 3.875% until Dec 15, 2026; thereafter floating at 3M SOFR plus 280 bps, paid quarterly.
- Notes are subordinated, unsecured, and qualify as Tier 2 capital for regulatory purposes.
- Proceeds for general corporate use, including potential share repurchases.
- Company may redeem notes at par on or after Dec 15, 2026; placement agent was D.A. Davidson & Co.