MB Financial, Inc. Announces Redemption of Certain of its Trust Preferred Securities
July 09 2018 - 4:30PM
MB Financial, Inc. (the “Company”) (NASDAQ:MBFI) announced today
that Coal City Capital Trust I (the “Trust”) will redeem all of the
Trust’s issued and outstanding capital (preferred) securities (the
“Capital Securities”) on August 6, 2018. The aggregate
redemption price (the “Redemption Price”) is $25.0 million plus
accrued and unpaid interest to, but excluding, August 6, 2018,
totaling approximately $0.2 million.
The redemption of the Capital Securities is a
result of the concurrent redemption that will be made by the
Company, as the successor in interest to Coal City Corporation, of
its Floating Rate Junior Subordinated Deferrable Interest
Debentures due 2028 (the “Debentures”), all of which are held by
the Trust.
Notice of the redemption and payment of the
aggregate Redemption Price will be made to holders of record on the
Company’s behalf by Wilmington Trust, National Association (the
“Trustee”), as successor trustee to Bank of America, N.A. (as
successor by merger to LaSalle Bank National Association).
Questions regarding the redemption of the Capital Securities may be
directed to the Trustee by calling 302-636-6398. Holders of
the Capital Securities need not take any action to receive payment
of the Redemption Price.
MB Financial, Inc. is the Chicago-based holding
company for MB Financial Bank, N.A. (“MB”) which has approximately
$20 billion in assets and a more than one hundred year history of
building deep and lasting relationships with middle-market
companies and individuals. MB offers a full range of powerful
financial solutions and the expertise and experience of bankers who
are focused on their clients’ success. Learn more about MB by
visiting www.mbfinancial.com.
Safe Harbor Statement: Statements in this press
release that are not historical facts are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. By their nature, such statements are subject to
numerous factors that could cause actual results to differ
materially from those anticipated in the statements, as discussed
in MB Financial’s filings with the Securities and Exchange
Commission. You should not place undue reliance on any
forward-looking statements and MB Financial undertakes no
obligation to update any such statements to reflect circumstances
or events that occur after the date on which the forward-looking
statement is made.
For Information at MB Financial, Inc.
contact:Berry Allen - Investor
RelationsE-Mail:
beallen@mbfinancial.com
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