debt
confidence high
sentiment neutral
materiality 0.55
The Bancorp completes $200M 7.375% Senior Notes due 2030 offering
Bancorp, Inc.
- $200M aggregate principal at 7.375%, due Sept 1, 2030; net proceeds ~$197M.
- Proceeds to redeem/repay $100M 4.75% notes due 2025, fund share repurchase, and general corporate.
- Interest payable semi-annually starting March 1, 2026; notes redeemable after 30 days prior to maturity.