Banc of California Announces Quarterly Senior Debt Interest Payment
September 19 2014 - 9:00AM
Business Wire
Banc of California, Inc. (NYSE: BANC), today announced that its
Board of Directors has authorized a quarterly cash interest payment
for the quarter ended September 30, 2014 in the amount of $0.46875
per note on its outstanding senior notes (NYSE: BOCA). The interest
payment will be payable on October 15, 2014 to note holders of
record as of October 1, 2014. This interest payment results in an
annualized yield of 7.50%.
About Banc of California, Inc.
Since 1941, Banc of California, Inc. (NYSE:BANC) through its
banking subsidiary Banc of California, National Association, has
provided banking services and loans to businesses and families in
California and the West. Today, Banc of California, Inc. has over
$4 billion in consolidated assets and more than 80 banking
locations.
Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of the “Safe-Harbor” provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
necessarily subject to risk and uncertainty and actual results
could differ materially from those anticipated due to various
factors, including those set forth from time to time in the
documents filed or furnished by Banc of California, Inc. with the
Securities and Exchange Commission. You should not place undue
reliance on forward-looking statements and Banc of California, 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.
INVESTOR RELATIONS INQUIRIES:Banc of California,
Inc.Timothy Sedabres, 855-361-2262orMEDIA INQUIRIES:Vectis
StrategiesDavid Herbst, 213-973-4113 x101
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