United States: Arnold & Porter Kaye Scholer Advises Astoria Financial On Sale Of $200 Million Of Senior Notes
Last Updated: June 21 2017

Arnold & Porter Kaye Scholer advised Astoria Financial Corporation, the holding company for Astoria Bank, on the closing of its previously announced underwritten public offering of $200 million aggregate principal amount of 3.500% Senior Notes due in 2020. The Notes bear an interest rate of 3.500% per annum and were issued to the public at 100.00% of their face value.

Astoria Financial estimates that the net proceeds of the public offering will be approximately $197,800,00, after deducting underwriting discounts, commission, and estimated transaction expenses. Astoria Financial expects to use the net proceeds of the public offering to repay its 5.000% Senior Notes due June 19, 2017, and for general corporate purposes.

The Arnold & Porter Kaye Scholer team included Robert Azarow, Stephanie Nygard, Laurie Abramowitz, Kathleen Wechter, Marianna Shelenkova, Jessica Wilkins, and Reuven Graber.

To print this article, all you need is to be registered on Mondaq.com.

Click to Login as an existing user or Register so you can print this article.

 
Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Press Releases from this Firm
Recent Content from this Firm
By Robert Azarow, Kathleen Wechter, Douglas Pelley
By Edward McTiernan, Ethan Shenkman, Michael Gerrard, Jeremy Karpatkin, Gregory M. Louer
By Kenneth Chernof, John D. Lombardo, Daphne Morduchowitz, Andrew K. Solow, David J. Weiner
By Kenneth Chernof, John D. Lombardo, Daphne Morduchowitz, Andrew K. Solow, David J. Weiner
By Kenneth Chernof, John D. Lombardo, Daphne Morduchowitz, Andrew K. Solow, David J. Weiner
By John Barker, John Bellinger, III, Charles Blanchard, Ronald Lee, Claire Reade, Nancy Perkins, Nicholas Townsend, Amanda Claire Hoover
By Lawrence Culleen, Camille Heyboer
By Anthony Samson, Peggy Otum, Trenton H. Norris, David M. Barnes
By David Freeman, Jr., Christopher Allen, Michael Mancusi, Brian McCormally, Michael Mierzewski, Kevin Toomey
By Hannah Kerr-Peterson, Ewan Townsend
Tools
Print
Font Size:
Translation
Channels