It took a few hours for EagleBank to raise $150 million. Here’s how it plans to use it.

On July 21, Bethesda-based Eagle Bancorp Inc. (NASDAQ: EGBN) announced plans to raise $75 million in new debt to help fuel its growth. The company ended up raising $150 million. In six hours. The debt raise was both unusual in its speed and its overall size, showing strong investor desire to buy into the EagleBank business model. And while many banks end up “up-sizing” debt offerings, doubling them is rare. The raise also came as the bank announced a 30th consecutive record quarter for earnings…

from http://www.bizjournals.com/baltimore/news/2016/07/27/it-took-a-few-hours-for-eaglebank-to-raise-150.html?ana=RSS%26s=article_search
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