Old National Bank, Evansville, Ind.(OLDB) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Old National Bank, Evansville, Ind.(OLDB)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bruce McGaughey who wrote (34)	9/25/1999 12:38:00 PM
From: Bruce McGaughey	Read Replies (1) of 47

The boulder rolls on and keeps gathering more moss !!! Old National Files Shelf to Sell $200 Million of Securities Washington, Sept. 22 (Bloomberg) - Old National Bancorp filed with the Securities and Exchange Commission to sell as much as $200 million of junior subordinated debentures and capital securities. The capital securities would be issued through a series of trusts, according to an SEC shelf filing. The Evansville, Indiana- based bank said it would use proceeds from the sales to repurchase stock, repay debt and for general corporate purposes, including possible acquisitions. The shelf filing lets Old National register the securities in advance and sell them from time to time as financing needs arise. The terms of the securities are generally available at the time of the sale. Salomon Smith Barney may underwrite the securities sale. Old National describes itself as a bank holding company that operates 119 banking offices in Indiana, Illinois and Kentucky. It also owns subsidiaries that provide consumer finance, brokerage and other services. Old National shares fell 1/8 to 28 15/16.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next