Summary of Subordinated Debentures of Corus Bankshares, Inc. as of June 30, 2007

Contract Categories: Business Finance › Debenture Agreements
Summary

This document summarizes the key terms of subordinated debentures issued by Corus Bankshares, Inc. through various trusts as of June 30, 2007. It lists each trust, the principal amount outstanding, interest rate spread over 3-month LIBOR, call dates, years until call, and maturity dates. The debentures have staggered call and maturity dates, with interest rates tied to LIBOR and principal amounts totaling $404,647,000. The summary provides an overview of the company's outstanding subordinated debt obligations and their key financial terms.

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EX-4.4 2 v080048_ex4-4.htm Unassociated Document
               
 
   Exhibit 4.4
CORUS BANKSHARES, INC.
              
Summary of Subordinated Debentures
            
As Of
  
6/30/2007
                
           
Spread to
              
   
Issue
  
Principal
 
3-month
  
Call
  
Years
  
Maturity
  
   
Date
  
Outstanding
  
LIBOR *
  
Date
  
Until Call
  
Date
  
                           
Trust I
    
6/26/2003
  
$
28,351,000
    
3.05
%
  
6/26/2008
    
1.0
    
6/26/2033
  
                                       
Trust II
    
6/24/2003
  
$
20,619,000
    
3.10
%
  
6/30/2008
    
1.0
    
6/30/2033
  
                                       
Trust III
    
9/17/2003
  
$
46,392,000
    
2.95
%
  
9/17/2008
    
1.2
    
9/17/2033
  
                                       
Trust IV
    
11/24/2003
  
$
30,928,000
    
2.85
%
  
12/15/2008
    
1.5
    
12/15/2033
  
                                       
Trust V
    
12/17/2003
  
$
51,547,000
    
2.85
%
  
12/17/2008
    
1.5
    
12/17/2033
  
                                       
Trust VI
    
5/18/2004
  
$
25,774,000
    
2.60
%
  
7/23/2009
    
2.1
    
7/23/2034
  
                                       
Trust VII
    
9/20/2004
  
$
51,547,000
    
2.22
%
  
9/20/2009
    
2.2
    
9/20/2034
  
                                       
Trust VIII
    
3/15/2005
  
$
25,774,000
    
1.74
%
  
3/15/2010
    
2.7
    
3/15/2035
  
                                       
Trust IX
    
6/23/2005
  
$
25,774,000
    
1.56
%
  
9/15/2010
    
3.2
    
6/23/2035
  
                                       
Trust X
    
9/15/2005
  
$
25,774,000
    
1.38
%
  
9/15/2010
    
3.2
    
9/15/2035
  
                                       
Trust XI
    
12/19/2005
  
$
25,774,000
    
1.33
%
  
3/15/2011
    
3.7
    
3/15/2036
  
                                       
Trust XII
    
3/29/2006
  
$
25,774,000
    
1.40
%
  
4/7/2011
    
3.8
    
4/7/2036
  
                                       
Trust XIII
    
6/27/2007
  
$
20,619,000
    
2.00
%
  
9/6/2012
    
5.2
    
9/6/2037
  
                                       
Totals
        
$
404,647,000
                          
 
* 3-month LIBOR reprices quarterly