Current Report Filing (8-k)
May 10 2021 - 4:03PM
Edgar (US Regulatory)
0001466026
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0001466026
2021-05-10
2021-05-10
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iso4217:USD
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United
States
Securities
And Exchange Commission
Washington, DC 20549
FORM 8-K
Current
Report Pursuant to
Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
May 10, 2021
Midland
States Bancorp, Inc.
(Exact Name of Registrant as Specified in Charter)
Illinois
|
|
001-35272
|
|
37-1233196
|
(State or Other Jurisdiction of
Incorporation)
|
|
(Commission File Number)
|
|
(IRS Employer Identification No.)
|
1201 Network Centre Drive
Effingham, Illinois 62401
(Address of Principal Executive Offices) (Zip Code)
Registrant’s
telephone number, including area code: (217) 342-7321
N/A
(Former
Name or Former Address, if Changed Since Last Report.)
Securities registered pursuant to Section
12(b) of the Act:
Title
of each class
|
Trading
symbol
|
Name
of each exchange on which registered
|
Common
Stock, $0.01 par value per share
|
MSBI
|
Nasdaq Global Select Market
|
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
¨
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
¨
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark
whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this
chapter) or Rule 12b– 2 of the Securities Exchange Act of 1934 (§ 240.12b–2 of this chapter).
Emerging growth company ¨
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
On May 10, 2021, Midland States
Bancorp, Inc. (the “Company”) notified holders that the Company will redeem on June 18, 2021 (the “Redemption Date”)
all of the Company’s outstanding Fixed-to-Floating Rate Subordinated Notes due June 18, 2025, having an aggregate principal
amount of $31,075,000 (the “Subordinated Notes”) in accordance with the terms of the Subordinated Notes. The aggregate redemption
price will be 100% of the aggregate principal amount of the Subordinated Notes, plus accrued and unpaid interest to, but excluding, the
Redemption Date. The interest rate on the Subordinated Notes is currently 4.54%, equating to approximately $1.4 million of interest payable,
annually.
SignatureS
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date: May 10, 2021
|
Midland States Bancorp, Inc.
|
|
By:
|
/s/ Douglas J. Tucker
|
|
Title:
|
Senior Vice President and Corporate Counsel
|
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