Sole Placement Agent
Origin Bancorp, Inc.
Debt Capital Markets
4.25% Fixed-To-Floating Rate Subordinated Notes Due 2030
Transaction Details
- On February 6, 2020, Origin Bank, a subsidiary of Origin Bancorp, Inc. (the “Company”), closed its $70,000,000 offering of Fixed-to-Floating Rate Subordinated Notes (the “Notes”) due 2030
- The Notes bear a fixed rate of 4.25% for the first 5 years and 3-month LIBOR plus 2.82% until the Notes mature on February 15, 2030
- The Company intends to use the proceeds from the offering for general corporate purposes
- The Notes are intended to qualify as Tier 2 capital for regulatory purposes
- Kroll Bond Rating Agency rated the Notes BBB
About the company
Origin is a financial holding company for Origin Bank, headquartered in Ruston, Louisiana, which provides a broad range of financial services to small and medium-sized businesses, municipalities, high net-worth individuals and retail clients from 43 banking centers, located from Dallas/Fort Worth, Texas across North Louisiana to Central Mississippi, as well as in Houston, Texas. For more information, visit www.origin.bank/.
Sources: Company filings and S&P Global
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