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| Prospect News home > News index > List of issuers F > Headlines for First Midwest Bancorp, Inc. > News item |
Fitch assigns First Midwest notes BBB-
Fitch Ratings said it assigned a BBB- rating to the $115 million senior unsecured debt issuance by First Midwest Bancorp.
The senior notes are non-callable, bear a coupon of 5.875% and will mature on Nov. 22, 2016.
The proceeds will be used to help facilitate the company's repayment of $193 million of preferred stock issued to the U.S. Treasury, under the Treasury's capital purchase program (TARP).
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