Astoria Financial Corporation (NYSE:AF) Files An 8-K Other Events
Item 8.01.
| Other Events. |
On June 5, 2017, Astoria Financial Corporation (the Company)
issued a press release announcing that it has priced an
underwritten public offering of $200 million aggregate principal
amount of 3.500% Senior Notes due 2020 (the Offering), through a
syndicate led by Sandler ONeill Partners, L.P. The Company
expects to use the net proceeds from the Offering to repay its
5.000% Senior Notes due June 19, 2017 and for general corporate
purposes. As of March 31, 2017, there was $250 million
outstanding under the 5.000% Senior Notes due 2017, which will
mature on June 19, 2017. To the extent the proceeds of the
Offering are not sufficient to repay the 5.000% Senior Notes due
2017, the Company intends to fund the difference through cash on
hand at the time of repayment. A copy of the press release is
attached to this Current Report on Form 8-K as Exhibit 99.1.
This Current Report on Form 8-K shall not constitute an offer to
sell or the solicitation of an offer to buy the securities
described herein, nor shall there by any offer or sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful. The Company is conducting
the Offering to an effective Registration Statement on Form S-3
(File No. 333-204555) under the Securities Act of 1933, as
amended, filed with the Securities Exchange Commission (the SEC)
on May 29, 2015 (the Registration Statement). The Offering is
being made solely by means of a prospectus supplement and
accompanying base prospectus included in the Registration
Statement. Prospective investors should read the base prospectus,
the preliminary prospectus supplement and the other documents
that the Company has filed with the SEC for more complete
information about the Company and the Offering. Investors may
obtain these documents without charge by visiting the SEC website
at www.sec.gov. Alternatively, copies of the preliminary
prospectus supplement and the base prospectus relating to the
Offering, as well as the final prospectus supplement, when
available, may be obtained from Sandler ONeill Partners, L.P.,
1251 Avenue of the Americas, 6th Floor, New York, NY 10020, (866)
805-4128.
| Item 9.01. | Other Events. |
| (d) | Exhibits. |
| Exhibit 99.1 | Press Release dated June 5, 2017 |
About Astoria Financial Corporation (NYSE:AF)
Astoria Financial Corporation is the unitary savings and loan holding company of Astoria Bank and its subsidiaries. The Company’s principal business is the operation of its subsidiary, Astoria Bank, which is a local, community-oriented bank. Astoria Bank’s business is attracting retail deposits from the general public and businesses and investing those deposits, together with funds generated from operations, principal repayments on loans and securities and borrowings, in multi-family and commercial real estate mortgage loans, one- to four- family, or residential, mortgage loans, and mortgage-backed securities. Astoria Bank also invests in consumer and other loans, the United States Government, government agency and government-sponsored enterprise (GSE), securities and other investments. The Company offers negotiable order of withdrawal (NOW) and demand deposit accounts, money market accounts, passbook and statement savings accounts, and certificates of deposit.
