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Preferred Stock Calendar
EAGLE BANCORP INC.:
• $55 million of subordinated notes due Sept. 1, 2024
• Sandler O’Neill + Partners LP (bookrunner)
• Redeemable upon a tax law change, a regulatory capital treatment event or if the company has to register as an investment company
• Proceeds will be used to fund the cash consideration portion of a merger with Virginia Heritage and for general corporate purposes. If the merger fails, the funds will be used to redeem the 8.5% subordinated notes due 2021 and the series B noncumulative preferred stock issued to the U.S. Treasury.
• Bethesda, Md.-based bank holding company
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