United Financial to Raise $75 Million in Debt Offering

United Financial in Glastonbury, Conn., plans to raise $75 million by issuing debt.

The $5.2 billion-asset company intends to use the proceeds from its sale of subordinated notes for general purposes, it said in a press release Wednesday.

Sandler O'Neill is the sole manager for the offering.

United Financial is the parent company of United Bank, which operates more than 50 branches across Connecticut and Massachusetts.

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