Overview
The Barack Ferrazzano Financial Institutions Group served as legal counsel to QCR Holdings, Inc. (NASDAQ: QCRH) in its completion of private placements of $70 million in aggregate principal amount of subordinated notes. The Company intends to use the net proceeds from the private placements for general corporate purposes, including the previously-announced redemption of the Company’s subordinated notes.
The private placements were issued in two separate tranches consisting of $50 million in aggregate principal amount of 6.875% Fixed-to-Floating Rate Subordinated Notes due September 2035 and $20 million in aggregate principal amount of 7.225% Fixed-to-Floating Subordinated Notes due September 2037.
“These new issuances align with the Company’s July 25, 2025 announced redemption of $70 million in callable subordinated notes,” said Todd A. Gipple, President and Chief Executive Officer. “Maintaining this component of our Tier 2 capital is a prudent step that supports our long-term growth strategy and reinforces our financial strength.”
Barack Ferrazzano’s legal team was led by partner Abdul R. Mitha and associate Zoe Xiuha Uvin.
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