Popular, Inc. (“Popular”) (NASDAQ:BPOP) announced today that it has
agreed to sell an aggregate of $450,000,000 principal amount of its
7.000% Senior Notes due 2019 (the “Senior Notes”). Popular intends to
use approximately $400 million of the net proceeds from the offering
plus available cash to redeem its junior subordinated debentures held by
Popular Capital Trust III (the “Trust”), at a redemption price of 100%
of the principal amount outstanding, plus accrued and unpaid interest.
for Popular, Inc. Announces Pricing of Public Offering of $450,000,000 Principal Amount of 7.000% Senior Notes due 2019 investment picks