Financing ·
Enterprise Financial Services Corp completed the issuance and sale of $175,000,000 aggregate principal amount of 6.25%…
EFSCEnterprise Financial Services Corp
Enterprise Financial Services Corp completed the issuance and sale of $175,000,000 aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036. The notes were sold at a 1.25% underwriting discount, resulting in net proceeds of approximately $172.8 million. The company intends to use the proceeds for general corporate purposes, including debt repayment, dividend payments, and supporting organic growth or strategic acquisitions. Enterprise Financial Services Corp is a financial services company providing banking and investment services.