MB Financial, Inc. Announces Redemption of Certain of its Trust Preferred Securities
August 09 2018 - 8:30AM
MB Financial, Inc. (the “Company”) (NASDAQ: MBFI) announced today
that TAYC Capital Trust II (the “Trust”) will redeem all of the
Trust’s issued and outstanding capital (preferred) securities (the
“Capital Securities”) on September 17, 2018. The
aggregate redemption price (the “Redemption Price”) is $40.0
million plus accrued and unpaid interest to the redemption date,
totaling approximately $0.5 million. The redemption of the
Capital Securities is a result of the concurrent redemption that
will be made by the Company, as the successor in interest to Taylor
Capital Group, Inc., of its Floating Rate Junior Subordinated
Deferrable Interest Debentures due 2034 (the “Debentures”), all of
which are held by the Trust.
Notice of the redemption and payment of the
aggregate Redemption Price will be made to registered holders of
the Capital Securities by Wilmington Trust Company (the “Trustee”).
Registered holders of the Capital Securities will need to
surrender the original certificates evidencing their securities to
Wells Fargo Delaware Trust Company, N.A. (the “Paying Agent”) at
the following address to receive payment of the Redemption Price:
Wells Fargo Bank, N.A. Corporate Trust Operations 600 South 4th
Street, 7th Floor MAC N9300-070 Minneapolis, MN 55479.
Questions regarding the redemption of the Capital Securities may be
directed to the Paying Agent by calling 1-800-344-5128.
MB Financial, Inc. is the Chicago-based holding
company for MB Financial Bank, N.A. (“MB”) which has approximately
$20 billion in assets and a more than one hundred year history of
building deep and lasting relationships with middle-market
companies and individuals. MB offers a full range of powerful
financial solutions and the expertise and experience of bankers who
are focused on their clients’ success. Learn more about MB by
visiting www.mbfinancial.com.
Safe Harbor Statement: Statements in this press
release that are not historical facts are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. By their nature, such statements are subject to
numerous factors that could cause actual results to differ
materially from those anticipated in the statements, as discussed
in MB Financial, Inc.’s filings with the Securities and Exchange
Commission. You should not place undue reliance on any
forward-looking statements and MB Financial, Inc. undertakes no
obligation to update any such statements to reflect circumstances
or events that occur after the date on which the forward-looking
statement is made.
For Information at MB Financial, Inc.
contact:Berry Allen - Investor
RelationsE-Mail:
beallen@mbfinancial.com
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