Patriot National Bancorp Inc. Completes Debt Repayment and Conversion of Senior Notes into Common Stock
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Patriot National Bancorp Inc. has completed the repayment of its 8.50% Fixed Rate Senior Notes due 2026, paying $3,081,380.97 in cash to noteholders. This follows the conversion of some noteholders' principal and unpaid interest into common stock. The repayment was facilitated by amendments related to a $57.75 million private placement completed on March 20, 2025, allowing for penalty-free early repayment.
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