|
|
| Bank United Files to Establish a $500 Million Medium Term Note Program |
HOUSTON, Jan. 28 /PRNewswire/ -- Bank United (NYSE: BKU-PrA and BKU-PrB)
announced today that it has filed with the Office of Thrift Supervision to
establish a $500,000,000 Medium Term Note Program. Lehman Brothers will be
acting as arranger for the program, and the dealers on the program will be
Merrill Lynch & Co. and Salomon Smith Barney.
The Program provides for the issuance of notes on a continuous basis by
Bank United. The specific terms of any issue of the notes will be agreed at
the time they are offered for sale. The notes may be issued with either a
fixed or floating rate of interest, and may be either senior and unsecured
indebtedness or subordinated and unsecured indebtedness. The senior notes may
mature nine months or more from the date of issue and the subordinated notes
may mature on any day seven years or more from the date of issue.
Proceeds from the offering of the notes will be used for general business
purposes, which may include lending and investment activity, extensions of
credit, and repayment of borrowings or other obligations.
Bank United, a federal savings bank, is a subsidiary of Bank United Corp.
(Nasdaq: BNKU), headquartered in Houston, Texas.
SOURCE Bank United
back to topRelated links:
CONTACT:
Vern Stockton, Media Relations, 713-543-6920,
or Debbie Kemple, Investor Relations, 713-543-6926, both of Bank
United
