IRVINE, Calif., March 11, 2016 /PRNewswire/ -- Banc of
California, Inc. (NYSE: BANC), the
holding company for Banc of California, National Association, today
announced that it intends to redeem all of its outstanding 7.50%
Senior Notes due April 15, 2020 (the
"7.50% Senior Notes"). The 7.50% Senior Notes, which have an
aggregate outstanding principal amount of $84,750,000, will be redeemed on April 15, 2016, at a redemption price equal to
100% of the principal amount plus accrued and unpaid interest to
the redemption date. The 7.50% Senior Notes are listed on the New
York Stock Exchange under the symbol "BOCA."
The paying agent for the redemption of the 7.50% Senior Notes is
U.S. Bank National Association, 111 Fillmore Avenue E, St. Paul, Minnesota 55107.
A notice of redemption is being sent to all currently registered
holders of the 7.50% Senior Notes by the trustee, U.S. Bank
National Association. Copies of the notice of redemption may be
obtained from U.S. Bank National Association by calling toll free
1-800-934-6802.
About Banc of California,
Inc.
Banc of California, Inc. (NYSE:
BANC) provides comprehensive banking services to California's diverse private businesses,
entrepreneurs and homeowners. Banc of California operates over 100 offices in
California and the West.
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 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:
|
Media
Inquiries:
|
Banc of California,
Inc.
|
Vectis
Strategies
|
Timothy Sedabres,
(855) 361-2262
|
David Herbst, (213)
973-4113 x101
|
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SOURCE Banc of California,
Inc.