Bancorp (TBBK) said late Monday it closed the offering of $200 million of 7.375% senior notes due 2030.
Net proceeds of around $197 million will be used to completely repay the outstanding of its 4.75% senior notes due 2025, fund its share buyback program, and for general corporate purposes, according to the company.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.