Susquehanna Bancshares, Inc. (SUSQ) said Wednesday that it has commenced a public offering of $150 million aggregate principal amount of senior notes due 2022.
Susquehanna expects to use the net proceeds from the offering, along with available cash, to cause the redemption of all of the outstanding 9.375% Capital Securities, Series I, having an aggregate liquidation amount of about $125 million issued in December 2007 by Susquehanna Capital I, an affiliated Delaware statutory trust, to cause the redemption of all of the outstanding 11% Cumulative Trust Preferred Securities, Series II, maturing in March 2040 and having an aggregate liquidation amount of about $50 million issued in March 2010 by Susquehanna Capital II, another affiliated Delaware statutory trust, to fund a redemption of certain subordinated notes having an aggregate principal amount of about $21 million originally issued by Tower Bancorp, Inc. that Susquehanna acquired in February 2012, and for general corporate purposes.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.