K&L Gates Guides Bar Harbor Bankshares on $40 Million Debt Offering
2 December 2019
Stanley V Ragalevsky
Stephen L Palmer
– Global law firm
K&L Gates LLP
has counseled Bar Harbor Bankshares (NYSE: BHB) on the issuance of a $40 million debt aggregate principal amount of fixed-to-floating rate subordinated notes in a private placement transaction. Bar Harbor will use the proceeds from the offering for general corporate purposes, including the replacement of $22 million of subordinated notes outstanding from earlier this year.
The K&L Gates team that advised Bar Harbor was led by Boston partners Stanley Ragalevsky and Steve Palmer with assistance from Boston associates Rob Tammero, Erin Bruynell, and Bella Zaslavsky.
Bar Harbor Bankshares is the parent company of its wholly owned subsidiary, Bar Harbor Bank & Trust. Operating over 50 locations across Maine, New Hampshire, and Vermont, Bar Harbor Bank & Trust is headquartered in Bar Harbor, Maine, and has more than $3.6 billion in assets.
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