Northwest Bancshares’s $125 Million Notes Offering

Luse Gorman, PC advised Northwest Bancshares, Inc. on the deal.

Northwest Bancshares, Inc., Warren, Pennsylvania, the holding company for Northwest Bank, successfully completed a public offering of $125.0 million of its 4.00% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”). The Notes are intended to qualify as Tier 2 capital for regulatory purposes.

Northwest Bancshares, Inc. is a bank holding company. The Company’s banking subsidiary provides a wide range of banking products and services, including deposit and savings accounts, loans, cash management services, and mobile banking.

The Luse Gorman team was led by Marc Levy (Picture), Ned Quint and Ellie Cook.

Involved fees earner: Elizabeth Cook – Luse Gorman, PC; Marc Levy – Luse Gorman, PC; Ned Quint – Luse Gorman, PC;

Law Firms: Luse Gorman, PC;

Clients: Northwest Bancshares, Inc;

Author: Ambrogio Visconti