QCR Holdings, Inc. Announces Extension of Exchange Offer for Fixed-to-Floating Rate Subordinated Notes due 2032
December 13, 2022 at 04:05 pm EST
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QCR Holdings, Inc. announced that it has extended its registered exchange offer to exchange up to $45,000,000 aggregate principal amount of Fixed-to-Floating Rate Subordinated Notes due 2032 that have been registered under the Securities Act of 1933, as amended, for any and all outstanding unregistered Fixed-to-Floating Rate Subordinated Notes due 2032, which were issued in a private placement on August 18, 2022. The exchange offer, which had been scheduled to expire at 11:59 p.m., New York City time, on December 12, 2022, will now expire at 11:59 p.m., New York City time, on December 19, 2022, unless further extended by the Company. All other terms, provisions and conditions of the exchange offer will remain in full force and effect.
As of December 12, 2022, $41,250,000 aggregate principal amount of the outstanding notes have been tendered for exchange, representing approximately 91.7% of the outstanding notes.
QCR Holdings, Inc. is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Springfield communities, through four wholly owned banking subsidiaries (Banks), Quad City Bank & Trust (QCBT), Cedar Rapids Bank & Trust (CRBT), Community State Bank (CSB) and Guaranty Bank (GB), which provides full-service commercial and consumer banking and trust and asset management services. The Companyâs principal business consists of attracting deposits and investing those deposits in loans/leases and securities. The Company is also engaged in direct financing lease contracts and equipment financing agreements through m2, a wholly owned subsidiary of QCBT based in Waukesha, Wisconsin. It is also engaged in wealth management services through its banking subsidiaries. It also provides a range of commercial and retail lending/leasing and investment services to corporations, partnerships, individuals, and government agencies.
QCR HOLDINGS, INC. 
