Open Solutions To RaiseCapital

January 27, 2005, 1:00 a.m. EST 1 Min Read

GLASTONBURY, Ct. - (01/27/05) -- Credit union outsourcer OpenSolutions Inc. said it plans to raise as much as $145 millionthrough an offering of subordinated debt. The company plans to usethe proceeds for general corporate purposes, including potentialacquisitions. OSI said it will float $125 million of seniorsubordinated convertible notes due 2035, and grant purchasers a30-day option to buy as much as $19 million more.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Stephen Miran confirmed to Fed board

The Senate voted 48 to 47 to confirm Stephen Miran to the Federal Reserve Board, just ahead of the central bank's rate setting committee meeting.

By Claire Williams

25m ago
M&A

National Bank Holdings inks deal for Dallas-based bank

The pending $369 million deal would bolster National Bank Holdings' footprint in Texas, where it currently operates as Hillcrest Bank.

By Allissa Kline

1h ago
Yahoo Finance Feed

U.S. Bancorp further expands its small business toolkit

The Minneapolis-based bank has rolled out payroll and bill pay features four months after unveiling a service to monitor card spending. An accounts receivable solution is on deck.

By John Reosti

3h ago
Fraud

Aspiration, the tree-planting neobank felled by investor fraud

An alleged scandal involving the LA Clippers is just the latest reputation hit to the beleaguered fintech.

By Carter Pape

4h ago
Data sharing

Should banks charge data aggregators fees? The debate continues.

When JPMorganChase said it planned to charge aggregators for its customer data, it sparked strong feelings on all sides.

By Penny Crosman

6h ago
Payments

Mastercard accelerates AI shopping ahead of the holidays

The card brand has added several tools that expand "agentic commerce," which adds artificial intelligence-based automation to shopping, service and checkout, innovation that's becoming popular with payment companies.

By John Adams

6h ago