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QCR Holdings, Inc. Completes Private Placements of Subordinated Notes
MOLINE, Ill., Sept. 15, 2025 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) (the “Company”) today announced that it has completed private placements of $70 million in aggregate principal amount subordinated notes. The private placements were issued in two separate tranches consisting of $50 million in aggregate principal amount of 6.875% Fixed-to-Floating Rate Subordinated Notes due September 2035 (the “2035 Notes”) and $20 million in aggregate principal amount of 7.225% Fixed-to-Floating
About this update from Qcr Holdings, Inc.
[{"type":"image","alt":"QCR Holdings, Inc.","displaySize":"","headline":null,"caption":"QCR Holdings, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":106,"url":"https://media.zenfs.com/en/globenewswire.com/9ace11b80a26ecd3bcd25c5ca572ed03"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/fQtpcuFI_3uBaXDI1AS0hw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE0ODtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/9ace11b80a26ecd3bcd25c5ca572ed03","width":300,"height":106}},"lazy":false},{"type":"text","content":"MOLINE, Ill., Sept. 15, 2025 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) (the “Company”) today announced that it has completed private placements of $70 million in aggregate principal amount subordinated notes. The private placements were issued in two separate tranches consisting of $50 million in aggregate principal amount of 6.875% Fixed-to-Floating Rate Subordinated Notes due September 2035 (the “2035 Notes”) and $20 million in aggregate principal amount of 7.225% Fixed-to-Floating Subordinated Notes due September 2037 (the “2037 Notes”). The Company intends to use the net proceeds from the private placements for general corporate purposes, including the previously-announced redemption of the Company’s subordinated notes.","length":750,"tagName":"p"},{"type":"text","content":"“These new issuances align with the Company’s July 25, 2025 announced redemption of $70 million in callable subordinated notes,” said Todd A. Gipple, President and Chief Executive Officer. “Maintaining this component of our Tier 2 capital is a prudent step that supports our long-term growth strategy and reinforces our financial strength.”","length":340,"tagName":"p"},{"type":"text","content":"“Our relationship-based community banking model continues to generate exceptional opportunities,” Mr. Gipple added. “We successfully placed the entire new issuance privately with a local company that shares our commitment to relationships and serving the communities in which we live and work. The 2035 Notes of $50 million carry a very competitive rate of 6.875%, and when combined with the 2037 Notes, the blended rate is below 7%, highlighting the strength of this transaction.”","length":481,"tagName":"p"},{"type":"text","content":"The 2035 Notes will bear interest at a fixed rate of 6.875% per year from, and including, September 15,...