NFBK - Northfield Bancorp completes $62.0M private placement offering
Northfield Bancorp (NASDAQ:NFBK) completed a private placement offering of $62.0M 5.00% fixed-to-floating rate subordinated notes, due Jun. 30, 2032. The notes, intended to qualify as Tier 2 capital for regulatory capital purposes, were issued to certain qualified institutional buyers. The net proceeds are expected to be used for general corporate purposes, including for a share buyback. Luse Gorman, PC was a legal counsel, Piper Sandler & Co. served as lead placement agent and D.A. Davidson & Co. served as co-placement agent. Kilpatrick Townsend & Stockton LLP served as legal counsel to Piper Sandler & Co. and D.A. Davidson & Co. Shares were trading +3.00% post-market. Source: Press Release
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Northfield Bancorp completes $62.0M private placement offering