Coast Bank gets $75 million revolver

By Sara Rosenberg

New York, Aug. 22 - Coast Bank of Florida closed on a $75 million revolving credit facility due Feb. 27, 2008, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

First Banks acted as the lead bank on the deal that was completed on Aug. 17.

The revolver is priced at Libor plus 225 basis points.

Coast Bank is a Florida state-chartered bank based in Bradenton.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.