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BRIEF-Accord Financial Announces $20 Mln Marketed Offering Of Convertible Unsecured Subordinated Debentures

Published 2018-11-23, 06:02 p/m
BRIEF-Accord Financial Announces $20 Mln Marketed Offering Of Convertible Unsecured Subordinated Debentures

Nov 23 (Reuters) - Accord Financial Corp ACD.TO :

* ACCORD FINANCIAL CORP. ANNOUNCES $20 MILLION MARKETED OFFERING OF CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES

* ACCORD - TO USE NET PROCEEDS TO REPAY A PORTION OF OUTSTANDING INDEBTEDNESS UNDER CREDIT FACILITIES AND REMAINDER FOR GENERAL CORPORATE PURPOSES

* ACCORD FINANCIAL CORP - DEBENTURES WILL MATURE ON DECEMBER 31, 2023

* ACCORD FINANCIAL CORP - INTEREST WILL BE PAYABLE SEMI-ANNUALLY IN ARREARS ON JUNE 30 AND DECEMBER 31 OF EACH YEAR, COMMENCING JUNE 30, 2019

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