Eagle Bancorp, Inc. Announces Final Results of its Exchange Offer for its Outstanding 10.00% Senior Notes Due 2029

BETHESDA, Md., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (NASDAQ: EGBN) (“Eagle”) announced today that as of 5:00 p.m., New York City time, on January 14, 2025 (the “Expiration Date”), $73.5 million in aggregate principal amount of outstanding 10.00% Senior Notes due 2029 (CUSIPs: 268948 AC0 and 268948 AD8) (the “Original Notes”) representing approximately 95% of the $77.7 million total outstanding principal amount of the Original Notes, were validly tendered and not validly withdrawn in connection with the previously announced exchange offer (the “Exchange Offer”) made by Eagle to exchange any and all of the Original Notes for a like principal amount of notes of the same series that have been registered under the Securities Act of 1933, as amended (the “Securities Act”).