New Issue: QCR Holdings concludes $2.7 million private placement of debt units

By Devika Patel

Knoxville, Tenn., March 22 - QCR Holdings, Inc. raised $2.7 million from a private placement of units on March 19, according to an 8-K filed Monday with the Securities and Exchange Commission.

The company sold 2,700 units of one $1,000 6% series A subordinated note due Sept. 1, 2018 and a five-year warrant for 20 common shares.

The notes may be redeemed at par plus interest after March 19, 2011.

The warrants are exercisable at $10.00 until March 19, 2015.

QCR is a bank holding company based in Moline, Ill.

Issuer:	QCR Holdings, Inc.
Issue:	Units of one $1,000 6% series A subordinated note due Sept. 1, 2018 and a warrant for 20 common shares
Amount:	$2.7 million
Units:	2,700
Price:	$1,000
Warrants:	One warrant for 20 shares per unit
Warrant expiration:	March 19, 2015
Warrant strike price:	$10.00
Settlement date:	March 19
Stock symbol:	OTCBB: QCRH
Stock price:	$8.63 at close March 19
Market capitalization:	$40.2 million
Notes
Maturity:	Sept. 1, 2018
Coupon:	6%
Price:	Par of $1,000
Yield:	6%
Call:	After March 19, 2011

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