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BRIEF-Life & Banc Split announces overnight offering and details of fund extension
September 25, 2017 / 7:27 PM / 23 days ago

BRIEF-Life & Banc Split announces overnight offering and details of fund extension

Sept 25 (Reuters) - Life & Banc Split Corp:

* Life & Banc Split Corp. announces overnight offering and details of fund extension

* Says ‍undertaking an overnight treasury offering of class a and preferred shares​

* Says Class A shares will be offered at a price of $9.90 per class a share for a distribution rate of 12.1% on issue price​

* Says sales period for this overnight offering will end at 9:00 A.M. (ET) on Tuesday September 26, 2017

* Says ‍preferred shares will be offered at a price of $10.00 per preferred share for a yield to maturity of 4.8%​

* Says board has approved an extension of maturity date of Class A and preferred shares of company for an additional term to October 30, 2023​ Source text for Eikon: Further company coverage:

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