Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.99
Meridian Corp incurred senior notes of aggregate of $9,740,000 of fixed rate subordinated notes with accredited investors at fixed annual rate of 8.00%, payable semi-annually in arrears maturing September 22, 2033.
- Instrument
- senior notes
- Principal
- aggregate of $9,740,000 of fixed rate subordinated notes
- Counterparty
- accredited investors
- Rate
- fixed annual rate of 8.00%, payable semi-annually in arrears
- Maturity
- September 22, 2033
- Event
- incurrence
Exact text from the filing
On September 22, 2023, Meridian Corporation (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Agreement”) with accredited investors under which the Company issued an aggregate of $9,740,000 of fixed rate subordinated notes due September 22, 2033 (the “Subordinated Notes”) in a private placement.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Meridian Corp entered into Subordinated Note Purchase Agreement with accredited investors valued at $9,740,000 (effective 2023-09-22).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- accredited investors
- Value
- $9,740,000
- Effective
- 2023-09-22
Exact text from the filing
On September 22, 2023, Meridian Corporation (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Agreement”) with accredited investors under which the Company issued an aggregate of $9,740,000 of fixed rate subordinated notes due September 22, 2033 (the “Subordinated Notes”) in a private placement.
View on SEC.gov