On November 6, 2018, New York Community Bancorp, Inc. announced the closing of an underwritten public offering of $300 million aggregate principal amount of its 5.90% Fixed-to-Floating Rate Subordinated Notes due 2028.
Goldman Sachs & Co. LLC, Sandler O’Neill & Partners, L.P., Credit Suisse Securities (USA), LLC, Jefferies LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, served as joint book-running managers for the offering, and American Capital Partners, LLC, Citigroup Global Markets Inc. and Raymond James & Associates, Inc. acted as co-managers for the offering.
Baker Botts represented New York Community Bancorp, Inc. in the offering.
New York Community Bancorp, Inc. intends to use the net proceeds from the offering for general corporate purposes, which may include opportunistic repurchases of shares of its common stock pursuant to its previously announced share repurchase program.
Based in Westbury, New York, New York Community Bancorp, Inc. is a leading producer of multi-family loans on non-luxury, rent-regulated apartment buildings in New York City, and the parent of New York Community Bank and New York Commercial Bank. New York Community Bank operates 223 branches through seven local divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, and Roosevelt Savings Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona, while
New York Commercial Bank operates 18 of its 30 New York-based branches under the divisional name Atlantic Bank.
New York Community Bancorp, Inc. is a bank holding company with over $50 billion in assets as of September 30, 2018.
Corporate: Adorys Velazquez (Partner, New York); John Johnston (Special Counsel, New York); Quentin Wiest (Associate, New York); Jon Kovacs (Associate, New York); Stephen DiMaria (Associate, New York); Matt Shell (Law Clerk, New York)
Finance: Robert Wann (Partner, New York); Chad Davis (Associate, Houston)
Tax: Josh Mandell (Partner, Dallas); Robert S. Langley (Special Counsel, New York)
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