FIG Has Now Raised More Than $735 Million In Debt Capital In 30 Offerings
ATLANTA, June 29, 2018 — Freedom Bancorp, Inc., the parent company of Freedom Bank, has completed the sale of $12 million fixed-to-floating rate subordinated notes.
The notes, due in 2028, will initially bear interest at 6.5% per annum until June 30, 2023. Thereafter, the notes will be payable at an annual floating rate equal to three-month LIBOR, plus a spread of 3.61% until maturity or early redemption.
Freedom Bancorp, Inc., based in Maywood, New Jersey, plans to use the net proceeds for future growth opportunities and general corporate purposes.
The FIG team included Greg Gersack and Matthew Veneri, Managing Principals and Co-Heads of Investment Banking; Dan Flaherty, Principal; and Lozan Aleksandrov, Senior Vice President and Deputy Head of Capital Markets.
Since 2003, FIG has been the trusted advisor to community banks and investors. To learn more about FIG’s investment banking services, visit www.figpartners.com.