Company Order to Increase Principal Amount of 5.75% Subordinated Notes (Limestone Bancorp, Inc. and Wilmington Trust, N.A.)
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Summary
Limestone Bancorp, Inc. has issued a formal order to Wilmington Trust, National Association, as trustee, to increase the total principal amount of its 5.75% Fixed-to-Floating Rate Subordinated Notes due 2029 from $17 million to $25 million. This order authorizes the trustee to reopen the series and issue an additional $8 million in notes under the existing indenture. The agreement is acknowledged and accepted by both parties, with all terms governed by the original indenture dated July 23, 2019.
EX-4.2 2 a52255224ex4_2.htm EXHIBIT 4.2
| Exhibit 4.2 |
Limestone Bancorp, Inc.
2500 Eastpoint Parkway
Louisville, Kentucky 40223
July 21, 2020
Wilmington Trust, National Association
1100 North Market Street
Wilmington, DE 19890
Attention: Limestone Bancorp, Inc. Administrator
Re: Company Order to Increase Aggregate Principal Amount of 5.75% Fixed-to-Floating Rate Subordinated Notes due 2029
Ladies and Gentlemen:
The undersigned hereby delivers to you this Company Order pursuant to the Indenture dated as of July 23, 2019 (the "Indenture"), between Limestone Bancorp, Inc., a Kentucky corporation (the "Company"), and you, as trustee (the "Trustee"). The Indenture relates to the Company's 5.75% Fixed-to-Floating Rate Subordinated Notes due 2029 (the “Notes”) issuable pursuant to the Indenture. Capitalized terms used but not defined herein shall have the meanings given them in the Indenture.
Pursuant to Section 2.05 of the Indenture, you, as Trustee, are hereby authorized and directed to (i) increase the aggregate principal amount of the Outstanding Subordinated Notes to be issued under the Indenture from $17,000,000 to $25,000,000, and (ii) reopen the series of Notes for issuances of additional Notes in the aggregate principal amount of $8,000,000 (the “Additional Notes”) upon Company Order.
[Signature page follows]
Wilmington Trust, National Association
July 21, 2020
Page 2
Very truly yours, | |||
LIMESTONE BANCORP, INC. | |||
By: | /s/ John T. Taylor | ||
Name: John T. Taylor | |||
Title: President and Chief Executive Officer | |||
Wilmington Trust, National Association
July 21, 2020
Page 3
The undersigned, as Trustee under the Indenture referred to above, acknowledges receipt of the Company Order to (i) increase the aggregate principal amount of the Outstanding Subordinated Notes to be issued under the Indenture from $17,000,000 to $25,000,000, and (ii) reopen the series of Notes for issuances of additional Notes in the aggregate principal amount of $8,000,000 upon Company Order.
WILMINGTON TRUST, NATIONAL | |||
ASSOCIATION, as Trustee | |||
By: | /s/ Michael Wass | ||
Name: Michael Wass | |||
Title: Vice President | |||