QCR Holdings, Inc. Completes Private Placements of Subordinated Notes
QCR Holdings (NASDAQ: QCRH) has successfully completed private placements of $70 million in subordinated notes through two tranches: $50 million in 6.875% Fixed-to-Floating Rate Notes due 2035 and $20 million in 7.225% Fixed-to-Floating Rate Notes due 2037.
The placement aligns with the company's previously announced redemption of $70 million in callable subordinated notes. The entire issuance was placed privately with a local company, achieving a blended interest rate below 7%. The notes will initially bear fixed interest rates before transitioning to floating rates based on three-month SOFR plus spreads of 350-375 basis points.
QCR Holdings (NASDAQ: QCRH) ha completato con successo collocazioni private per 70 milioni di dollari in obbligazioni subordinate attraverso due tranche: 50 milioni di dollari in Note a tasso fisso-to-floating del 6,875% scadenza 2035 e 20 milioni di dollari in Note a tasso fisso-to-floating del 7,225% scadenza 2037.
La collocazione è in linea con l'annunciata precedente redenzione di 70 milioni di dollari in obbligazioni subordinate callable. L'emissione è stata collocata privatamente presso una società locale, ottenendo un tasso di interesse medio inferiore al 7%. Le note avranno inizialmente tassi di interesse fissi prima di passare a tassi variabili basati su SOFR a tre mesi più spread tra 350 e 375 punti base.
QCR Holdings (NASDAQ: QCRH) ha completado con éxito colocaciones privadas por 70 millones de dólares en notes subordinadas a través de dos tramos: 50 millones de dólares en notas a tasa fija-a-flotante del 6,875% con vencimiento en 2035 y 20 millones de dólares en notas a tasa fija-a-flotante del 7,225% con vencimiento en 2037.
La colocación está alineada con la redención previamente anunciada de 70 millones de dólares en notas subordinadas llamadas. Toda la emisión se colocó en privado con una empresa local, logrando una tasa de interés combinada por debajo del 7%. Las notas inicialmente tendrán tasas fijas antes de pasar a tasas variables basadas en SOFR a tres meses más spreads de 350-375 puntos básicos.
QCR Holdings(NASDAQ: QCRH)는 두 트랜치를 통해 7000만 달러의 차등채권 비공개 배치를 성공적으로 완료했습니다: 만기 2035년의 6.875% 고정-변동금리 채권 5000만 달러, 만기 2037년의 7.225% 고정-변동금리 채권 2000만 달러.
이번 배치는 현금성 callable 차입채권 7000만 달러의 이전 상환 발표와 일치합니다. 전체 발행은 지역 회사와의 비공개 배치로 이루어졌으며, 혼합 이자율은 7% 미만으로 달성되었습니다. 채권은 처음에는 고정 이자율을 부과한 뒤 3개월 SOFR를 기준으로 350~375bp의 스프레드를 더한 변동금리로 전환됩니다.
QCR Holdings (NASDAQ: QCRH) a mené à bien des placements privés de 70 millions de dollars en obligations subordonnées via deux tranches: 50 millions de dollars d’obligations à taux fixe-versatile 6,875% arrivant à échéance 2035 et 20 millions de dollars d’obligations à taux fixe-versatile 7,225% arrivant à échéance 2037.
Le placement s’aligne sur le rachat annoncé auparavant de 70 millions de dollars d’obligations subordonnées appelables. L’émission entière a été placée privatement auprès d’une société locale, atteignant un taux d’intérêt moyen inférieur à 7%. Les obligations porteront initialement des intérêts fixes avant de passer à des taux variables basés sur le SOFR à trois mois plus des spreads de 350 à 375 points de base.
QCR Holdings (NASDAQ: QCRH) hat erfolgreich Privatplatzierungen von 70 Millionen Dollar in nachrangigen Anleihen durch zwei Tranchen abgeschlossen: 50 Millionen Dollar in 6,875% Fixed-to-Floating-Anleihen mit Fälligkeit 2035 und 20 Millionen Dollar in 7,225% Fixed-to-Floating-Anleihen mit Fälligkeit 2037.
Die Platzierung steht im Einklang mit der zuvor angekündigten Rückzahlung von 70 Millionen Dollar in kündbaren nachrangigen Anleihen. Die gesamte Emission wurde privat bei einem lokalen Unternehmen platziert und erreichte einen gemischten Zinssatz unter 7%. Die Anleihen werden zunächst fest verzinst, bevor sie auf Floating Rates basierend auf drei Monate SOFR zuzüglich Spreads von 350–375 Basispunkten umgestellt werden.
QCR Holdings (بورصة ناسداك: QCRH) أكملت بنجاح وضعاً خاصاً لـ70 مليون دولار من السندات الفرعية عبر ترسّيين: 50 مليون دولار لسندات بفائدة ثابتة-متغيرة بنسبة 6.875% حتى تاريخ الاستحقاق 2035 و20 مليون دولار لسندات بفائدة ثابتة-متغيرة بنسبة 7.225% حتى تاريخ الاستحقاق 2037.
يتماشى هذا الوضع مع إعادة شراء الشركة للإصدارات السابقة من السندات الفرعية القابلة للنداء بقيمة 70 مليون دولار. تم إصدار جميع الأسهم بشكل خاص مع شركة محلية، محققاً معدل فائدة مركب أقل من 7%. ستدفع السندات في البداية فائدة ثابتة ثم تتحول إلى فائدة متغيرة بناءً على SOFR لمدة ثلاثة أشهر مضافاً إليها فروق مدى 350-375 نقطة أساسية.
QCR Holdings（纳斯达克股票代码：QCRH）已成功完成对70百万美元次级票据的私募发行，分两批进行：50百万美元的6.875%固定-浮动利率至2035年到期，以及20百万美元的7.225%固定-浮动利率至2037年到期。
此次发行与公司先前宣布的可赎回次级票据70百万美元的赎回计划一致。整项发行均以私下方式向当地一家公司发行，综合利率低于7%。票据初始将按固定利率计息，随后基于三个月SOFR并加上350-375个基点的浮动利率进行调整。
- None.
- Higher interest rates compared to previous issuance due to current rate environment
- Long-term debt commitment with 10-12 year maturities
Insights
QCR refinanced $70M of subordinated debt at competitive rates below 7%, strengthening its capital position for future growth.
QCR Holdings has strategically refinanced its debt through a $70 million private placement of subordinated notes, divided into two tranches: $50 million in 6.875% notes due 2035 and $20 million in 7.225% notes due 2037. This transaction directly replaces the company's previously announced callable subordinated notes redemption.
The financial engineering here is noteworthy. The blended interest rate of less than 7% is competitive in the current market environment, indicating strong investor confidence in QCR's financial health. The company secured these terms through a private placement with a local entity, avoiding the broader market and leveraging its relationship-based business model.
From a capital structure perspective, this refinancing maintains QCR's Tier 2 regulatory capital without diluting shareholders or changing the overall leverage profile. The notes feature a standard structure with fixed rates for the initial period (5 years for the 2035 notes and 7 years for the 2037 notes) before converting to floating rates tied to SOFR plus a spread.
This transaction demonstrates prudent balance sheet management by extending debt maturities while maintaining financial flexibility through call options after the fixed-rate periods. For a growth-oriented financial institution, preserving regulatory capital while managing interest expense represents solid treasury management that supports long-term expansion capabilities without immediate earnings dilution.
MOLINE, Ill., Sept. 15, 2025 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) (the “Company”) today announced that it has completed private placements of
“These new issuances align with the Company’s July 25, 2025 announced redemption of
“Our relationship-based community banking model continues to generate exceptional opportunities,” Mr. Gipple added. “We successfully placed the entire new issuance privately with a local company that shares our commitment to relationships and serving the communities in which we live and work. The 2035 Notes of
The 2035 Notes will bear interest at a fixed rate of
The 2037 Notes will bear interest at a fixed rate of
Barack Ferrazzano Kirschbaum & Nagelberg LLP served as legal counsel to the Company.
About Us
QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny and Springfield communities through its wholly owned subsidiary banks. The banks provide full-service commercial and consumer banking and trust and wealth management services. Quad City Bank & Trust Company, based in Bettendorf, Iowa, commenced operations in 1994, Cedar Rapids Bank & Trust Company, based in Cedar Rapids, Iowa, commenced operations in 2001, Community State Bank, based in Ankeny, Iowa, was acquired by the Company in 2016, and Guaranty Bank, based in Springfield, Missouri, was acquired by the Company in 2018. Additionally, the Company serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company. The Company has 36 locations in Iowa, Missouri, and Illinois. As of June 30, 2025, the Company had
Contacts:
Nick W. Anderson
Chief Financial Officer
(309) 743-7707
nanderson@qcrh.com
FAQ
What is the size and structure of QCRH's new subordinated notes offering?
What are the interest rates for QCRH's 2035 subordinated notes?
When can QCRH redeem the 2035 and 2037 subordinated notes?
How will QCRH use the proceeds from the subordinated notes?
What is the blended interest rate for QCRH's new subordinated notes?
