Hope Bancorp Announces Completion of 2.00% Convertible Senior Notes Repurchase Pursuant to Contractual Put Right
2023年5月16日 - 5:30AM
ビジネスワイヤ(英語)
Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE) announced
today that the previously announced right of holders of its 2.00%
Convertible Senior Notes due 2038 (CUSIP NUMBER 43940TAB5) (the
“Notes”) to surrender their Notes for repurchase by the Company for
cash pursuant to their option (the “Optional Put”) under the
Indenture (the “Indenture”), dated as of May 11, 2018, between the
Company and U.S. Bank Trust Company, National Association (as
successor in interest to U.S. Bank National Association), as
trustee and paying agent, expired at 12:00 midnight New York City
time on May 12, 2023, and the Notes were repurchased on May 15,
2023.
At the expiration of the Optional Put, $197,107,000 aggregate
principal amount of Notes were validly surrendered and not validly
withdrawn, and as such were repurchased by the Company on May 15,
2023. The repurchase of the Notes was funded by the Company’s
available cash. After giving effect to the repurchase pursuant to
the Optional Put, $444,000 aggregate principal amount of Notes
remains outstanding.
About Hope Bancorp, Inc.
Hope Bancorp, Inc. is the holding company of Bank of Hope, the
first and only super regional Korean American bank in the United
States with $20.6 billion in total assets as of March 31, 2023.
Headquartered in Los Angeles and serving a multi-ethnic population
of customers across the nation, Bank of Hope operates 53
full-service branches in California, Washington, Texas, Illinois,
New York, New Jersey, Virginia, Alabama and Georgia. Bank of Hope
also operates SBA loan production offices in Seattle, Denver,
Dallas, Atlanta, Portland, New York City, Northern California and
Houston; commercial loan production offices in Northern California,
Seattle and Tampa, Fla.; residential mortgage loan production
offices in Southern California; and a representative office in
Seoul, Korea. Bank of Hope specializes in core business banking
products for small and medium-sized businesses with an emphasis on
commercial real estate and commercial lending, SBA lending and
international trade financing. Bank of Hope is a
California-chartered bank and its deposits are insured by the FDIC
to the extent provided by law. Bank of Hope is an Equal Opportunity
Lender. For additional information, please go to bankofhope.com.
None of the information on or hyperlinked from the Company’s
website is incorporated by reference herein.
Forward-Looking Statements
Some statements in this news release may constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements relate to, among other things, expectations regarding
the business environment in which we operate, projections of future
performance, perceived opportunities in the market and statements
regarding our business strategies, objectives and vision.
Forward-looking statements include, but are not limited to,
statements preceded by, followed by or that include the words
“will,” “believes,” “expects,” “anticipates,” “intends,” “plans,”
“estimates” or similar expressions. With respect to any such
forward-looking statements, the Company claims the protection
provided for in the Private Securities Litigation Reform Act of
1995. These statements involve risks and uncertainties. The
Company’s actual results, performance or achievements may differ
significantly from the results, performance or achievements
expressed or implied in any forward-looking statements. The risks
and uncertainties include, but are not limited to: possible further
deterioration in economic conditions in our areas of operation;
interest rate risk associated with volatile interest rates and
related asset-liability matching risk; liquidity risks; risk of
significant non-earning assets, and net credit losses that could
occur, particularly in times of weak economic conditions or times
of rising interest rates; the failure of or changes to assumptions
and estimates underlying the Company’s allowances for credit
losses; and regulatory risks associated with current and future
regulations. For additional information concerning these and other
risk factors, see the Company’s most recent Annual Report on Form
10-K, subsequent Quarterly Reports on Form 10-Q, and other
documents we file with the Securities and Exchange Commission from
time to time. The Company does not undertake, and specifically
disclaims any obligation, to update any forward-looking statements
to reflect the occurrence of events or circumstances after the date
of such statements except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230515005741/en/
Julianna Balicka EVP & Chief Financial Officer 213-235-3235
julianna.balicka@bankofhope.com Angie Yang SVP, Director of
Investor Relations & Corporate Communications 213-251-2219
angie.yang@bankofhope.com
Hope Bancorp (NASDAQ:HOPE)
過去 株価チャート
から 4 2024 まで 5 2024
Hope Bancorp (NASDAQ:HOPE)
過去 株価チャート
から 5 2023 まで 5 2024