Glastonbury’s United Financial Bancorp Inc. is issuing $75 million in debt just months after its cross-border merger with a Springfield area lender.
The parent of United Bank said Wednesday it launched the public offering subordinated notes due Oct. 1, 2024, with proceeds earmarked for general corporate purposes.
United Financial’s West Springfield predecessor of the same name merged for $369 million on April 30 with former Rockville Financial, creating a $5 billion-asset lending institution.
Sandler O’Neill + Partners L.P. is the sole manager for the offering.
