Press Release
Buckley Sandler Provides Legal Support for Eagle Bancorp, Inc. $70 Million Offering
Buckley Sandler client Eagle Bancorp, Inc. announced on August 5 its completion of the public offering and sale of $70 million of its 5.75% Subordinated Notes due Sept. 1, 2024. Sale of the Notes, which were sold at par, resulted in net proceeds of approximately $69.2 million after underwriting discounts and commissions.
Buckley Sandler Counsel Noel Gruber served as counsel on the transaction.
Eagle Bancorp plans to use the proceeds of the offering to pay the cash portion of the merger consideration in its acquisition of Virginia Heritage Bank as well as for general corporate purposes.
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