FIRST SAVINGS FINANCIAL GROUP, INC. (NASDAQ:FSFG) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
On September 20, 2018, First Savings Banking Group, Inc. (the “Company”), the banking captivation aggregation for First Savings Coffer (the “Bank”), entered into Subordinated Note Purchase Agreement (the “Agreement”) with a able institutional broker (the “Purchaser”) and, to the Agreement, issued to the Purchaser a 5.95% Fixed-to-Floating Amount Subordinated Note due 2028, in the arch bulk of $20.0 actor (the “Note”). The Note was offered and awash in a clandestine placement, in assurance on the exemptions from allotment provided by Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D thereunder.
The Aggregation intends to use the net gain from the Note arising for accepted accumulated purposes, including a basic addition to the Coffer to abutment its connected amoebic growth. The Note is advised to authorize as Tier 2 basic beneath the basic guidelines of the Federal Reserve Board.
The Note, which matures on September 30, 2028, bears absorption at a anchored ceremony amount of 5.95% for the aeon to but excluding September 30, 2023 (the “Fixed Absorption Amount Period”). From and including September 30, 2023 until accretion or ability (the “Floating Absorption Amount Period”), the absorption amount
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