Park National Corporation has announced its decision to redeem all of its outstanding $175,000,000 4.50% Fixed-to-Floating Rate Subordinated Notes due 2030. The redemption is scheduled for September 1, 2025, at a price equal to 100% of the principal amount of the Notes, plus any accrued and unpaid interest up to, but not including, the redemption date. This move signifies Park's proactive approach to managing its debt obligations. Holders of the Notes should look for the official notice of redemption provided by U.S. Bank National Association, the trustee.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Park National Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000805676-25-000057), on July 11, 2025, and is solely responsible for the information contained therein.