Eagle Bancorp Launches Exchange Offer for Senior Notes Today

Exciting Exchange Offer Announcement from Eagle Bancorp

Eagle Bancorp, Inc. (NASDAQ: EGBN) has recently announced a significant exchange offer, offering holders of its outstanding 10.00% Senior Notes due 2029 the opportunity to exchange their unregistered notes for newly registered securities. This exchange offer, referred to as the "Exchange Offer," presents a valuable chance for investors looking for compliance with security regulations and improved liquidity.

Details of the Exchange Offer

Commencing today, the Exchange Offer provides a straightforward path for holders of the Original Notes to transition to Exchange Notes, which maintain identical terms but with fewer transfer restrictions. Holders must ensure their notes are validly tendered before the closing deadline set for 5:00 p.m. Eastern time on January 10, 2025. With a scheduled settlement date just a few days later, it represents a swift process for exchanging debt instruments.

How to Participate

To successfully engage in this offer, original noteholders need to present a completed letter of transmittal along with their Original Notes before the stated expiration date. For those holding their notes in book-entry form, coordination with their respective financial intermediary will be crucial to meet the participation deadlines highlighted in the official prospectus that will guide this exchange.

What’s at Stake for Investors?

The Exchange Offer by Eagle Bancorp is not just about swapping one type of note for another; it’s about enhancing the security and flexibility for investors. By transitioning to registered notes, investors gain access to a market with potentially fewer restrictions on after-market trading. This means that the holders may enjoy an enhanced ability to manage their investments, providing an attractive proposition amidst changing market conditions.

An Overview of Eagle Bancorp

Eagle Bancorp serves as the holding entity for EagleBank, a financial institution with roots that go back to 1998. Based in Bethesda, Maryland, EagleBank has built a robust presence in the local market, with a network of twelve banking branches and four lending offices across the D.C. metropolitan area.

Ongoing Commitment to Investors

The commitment to maintain open lines of communication is evident, as Wilmington Trust, National Association has been designated as the exchange agent for this offer. Investors are encouraged to reach out for any queries or assistance regarding the Exchange Offer. The exchange not only aims to facilitate investor participation but also emphasizes transparency and customer support throughout the process.

Understanding Regulatory Compliance

This exchange offer is being executed under the provisions outlined in the Securities Act, underscoring Eagle Bancorp's dedication to regulatory compliance and investor protection. It is important for investors to recognize that participation in the Exchange Offer is strictly subject to the conditions specified in the prospectus which details the terms of the exchange.

Frequently Asked Questions

What is the purpose of the Exchange Offer?

The Exchange Offer allows holders of unregistered 10.00% Senior Notes due 2029 to exchange them for registered notes, thus enhancing liquidity and compliance.

When does the Exchange Offer expire?

The Exchange Offer is set to expire at 5:00 p.m. Eastern time on January 10, 2025.

Who is acting as the Exchange Agent?

Wilmington Trust, National Association is the appointed Exchange Agent for the offer.

What should holders of Original Notes do to participate?

Holders need to submit a properly completed letter of transmittal along with their Original Notes before the expiration date.

Is this Exchange Offer helpful for investors?

Yes, transitioning to registered notes can provide investors with greater trading flexibility and potentially fewer restrictions.

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