Park National Corporation Announces Redemption of $175 Million Subordinated Notes Due 2030

Reuters
12 Jul
<a href="https://laohu8.com/S/PRK">Park National</a> Corporation Announces Redemption of $175 Million Subordinated Notes Due 2030

Park National Corporation has announced its decision to redeem all of its outstanding $175,000,000 4.50% Fixed-to-Floating Rate Subordinated Notes due 2030. The redemption is scheduled for September 1, 2025, at a price equal to 100% of the principal amount of the Notes, plus any accrued and unpaid interest up to, but not including, the redemption date. This move signifies Park's proactive approach to managing its debt obligations. Holders of the Notes should look for the official notice of redemption provided by U.S. Bank National Association, the trustee.

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