LITTLE ROCK, Ark. - Worthen Banking Corp, said it plans to refinance $25 million to $30 million of debt to free up cash for acquisitions.

The company said in its most recent quarterly report to the Securities and Exchange Commission that it is pursuing the placement of that amount of term debt and will use the proceeds to pay down $21 million of bank debt.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.