Business
Hanmi Announces Closing of $110 Million Subordinated Debt Offering
LOS ANGELES, Aug. 20, 2021 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC) (“Hanmi”), the holding company for Hanmi Bank, today announced the
About this update from Hanmi Financial Corporation
[{"type":"text","content":"LOS ANGELES, Aug. 20, 2021 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC) (“Hanmi”), the holding company for Hanmi Bank, today announced the closing of its underwritten public offering of $110 million aggregate principal amount of its 3.750% Fixed-to-Floating Rate subordinated notes (the “Notes”) due 2031. The Company plans to use the net proceeds from the Notes offering for general corporate purposes, which may include refinancing activities, including repayment of all or a portion of the outstanding principal amount of our outstanding subordinated notes and junior subordinated debentures. Piper Sandler & Co. and Keefe, Bruyette & Woods, Inc., A Stifel Company, acted as a joint book-running managers, while Janney Montgomery Scott LLC and Wedbush Securities Inc. acted as co-managers. Luse Gorman, PC acted as legal counsel to Hanmi and Holland & Knight LLP acted as legal counsel to the underwriters. About Hanmi Financial CorporationHeadquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 35 full-service branches and 9 loan production offices in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington and Georgia. Hanmi Bank specializes in real estate, commercial, SBA and trade finance lending to small and middle market businesses. Additional information is available at www.hanmi.com. Forward-Looking StatementsThis press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements in this release other than statements of historical fact are “forward–looking statements” for purposes of federal and state securities laws, including, but not limited to, statements about anticipated future operating and financial performance, financial position and liquidity, business strategies, regulatory and competitive outlook, investment and expenditure plans, capital and financing needs, plans and objectives of management for future operations, and other similar forecasts and statements of expectation and statements of assumptions underlying any of the foregoing. In some cases, you can identify forward-looking statements by termin...