Hanmi Financial to redeem 5.45% notes due 2027 on March 30

By Mary-Katherine Stinson

Lexington, Ky., Feb. 28 – Hanmi Financial Corp. will redeem in full all outstanding $100 million 5.45% subordinated notes due March 30, 2027 on March 30, according to a press release.

The redemption will be at par plus accrued and unpaid interest.

Interest will cease to accrue on and after the redemption date.

A portion of the redemption will be funded with proceeds from the company’s Aug. 20 subordinated debt offering.

Upon redemption, Hanmi will recognize a pre-tax charge of $1.1 million for the remaining unamortized debt issuance costs associated with the 2027 subordinated notes.

Based in Los Angeles, Hanmi Financial is the holding company for Hanmi Bank, a state-chartered bank.

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