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Flagstar Bancorp, Inc. (FBC)

NYSE - NYSE Delayed Price. Currency in USD
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31.18-1.12 (-3.47%)
At close: 4:00PM EDT
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  • Flagstar Bancorp, Inc. Announces Pricing of Subordiated Notes Offering
    PR Newswire

    Flagstar Bancorp, Inc. Announces Pricing of Subordiated Notes Offering

    Flagstar Bancorp, Inc. (NYSE: FBC) (the "Company") today announced the pricing of its previously announced underwritten registered offering of $150 million aggregate principal amount of its 4.125% Fixed-to-Floating Rate Subordinated Notes due 2030 (the "Notes"). The price to the public for the Notes was 100% of the principal amount of the Notes. Interest on the Notes will accrue at a rate equal to (i) 4.125% per annum from the original issue date to, but excluding, November 1, 2025, payable semiannually in arrears, and (ii) a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR (as defined in the Notes), plus a spread of 391 basis points from, and including, November 1, 2025, payable quarterly in arrears. The Notes are intended to qualify as Tier 2 capital for regulatory purposes. The offering is expected to close on October 28, 2020, subject to market and customary conditions.

  • Flagstar Bancorp, Inc. Announces Proposed Offering of Subordinated Notes
    PR Newswire

    Flagstar Bancorp, Inc. Announces Proposed Offering of Subordinated Notes

    Flagstar Bancorp, Inc. (NYSE: FBC) (the "Company") today announced the commencement of an underwritten registered offering of Fixed-to-Floating Rate Subordinated Notes due 2030 (the "Notes"). The Notes are intended to qualify as Tier 2 capital for regulatory purposes.

  • Moody's

    Flagstar Bancorp, Inc. -- Moody's assigns first-time Baa3 long-term issuer rating to Flagstar Bancorp, Inc.; outlook stable

    Moody's Investors Service, ("Moody's") has assigned first-time ratings to Flagstar Bancorp, Inc. and its bank subsidiary Flagstar Bank, FSB (together "Flagstar"). Moody's has assigned long- and short-term Counterparty Risk Assessments of Baa1(cr)/Prime-2(cr) and long- and short-term Counterparty Risk Ratings of Baa2/Prime-2 to the bank. Moody's also assigned a long-term issuer rating of Baa3 to the holding company as well as assigned provisional ratings to Flagstar Bancorp, Inc.'s shelf registration.