Hanmi Announces Completion of $55.0 Million Subordinated Debt Offering
Hanmi Financial Corporation announced the closing of a $55.0 million private placement of fixed-to-floating rate subordinated notes. The company plans to use the net proceeds to redeem its outstanding $110.0 million of callable subordinated notes and for general corporate purposes.
Why it matters — The completion of this subordinated debt offering indicates Hanmi is actively managing its capital structure by refinancing existing debt.