On August 25, 2022, Midland States Bancorp, Inc. notified holders that the company will redeem on October 15, 2022 (Redemption Date) all of the Company's outstanding Fixed-to-Floating Rate Subordinated Notes due October 15, 2027, having an aggregate principal amount of $40,000,000 (Subordinated Notes), in accordance with the terms of the Subordinated Notes. The aggregate redemption price will be 100% of the aggregate principal amount of the Subordinated Notes, plus accrued and unpaid interest to, but excluding, the Redemption Date. The interest rate on the Subordinated Notes is currently 6.25%, equating to approximately $2.5 million of interest payable, annually.
Real-time Estimate
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5-day change | 1st Jan Change | ||
23.37 USD | -0.30% | -1.76% | -15.17% |
EPS Revisions
1st Jan change | Capi. | |
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-15.17% | 510M | |
+19.80% | 333B | |
+16.31% | 304B | |
+23.30% | 251B | |
+26.21% | 217B | |
+26.88% | 180B | |
+29.87% | 169B | |
+9.05% | 165B | |
+7.97% | 149B | |
+9.36% | 134B |
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- Midland States Bancorp, Inc. to Redeem All of its Outstanding Fixed-to-Floating Rate Subordinated Notes Due October 15, 2027 on October 15, 2022