SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): June 17, 2019
Red River Bancshares, Inc.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
1412 Centre Court Drive, Suite 402
|(Address of principal executive offices)||(Zip code)|
Registrants telephone number, including area code: (318) 561-5028
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Exchange Act:
Title of each class
Name of each exchange
on which registered
|Common Stock, no par value||RRBI||The NASDAQ Stock Market, LLC|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☒
|Item 8.01|| |
In accordance with the optional prepayment provisions of that certain Indenture, dated as of April 20, 2005, between Red River Bancshares, Inc. (the Company) and Wilmington Trust Company, as debenture trustee, on June 17, 2019, the Company redeemed all of its Floating Rate Junior Subordinated Deferrable Interest Debentures due 2035 (the Debentures) that were issued to and held by Red River Statutory Trust III, a Delaware statutory trust (the Trust) that was previously established for the purpose of facilitating the issuance trust preferred securities. The Debentures were redeemed in full at a redemption price equal to 100% of the outstanding principal amount of $3,093,000, plus accrued and unpaid interest thereon through the date of redemption.
The proceeds from the redemption of the Debentures were simultaneously applied to redeem all of the outstanding capital (preferred) securities of the Trust at an aggregate redemption price of $3,000,000, plus accrued and unpaid interest through the date of redemption, and all of the outstanding common securities of the Trust (all of which common securities were held by the Company) at an aggregate redemption price of $93,000, plus accrued and unpaid interest through the date of redemption.
As previously announced, the Company redeemed the Debentures using a portion of the proceeds received from its recently completed initial public offering. The Company has similarly submitted notices to redeem, in whole and at par, (i) all of its outstanding Floating Rate Junior Subordinated Deferrable Interest Debentures due 2033, having an aggregate principal amount of $3,093,000 and are issued to and held by Red River Statutory Trust II, a Connecticut statutory trust, which redemption is scheduled to occur on or about June 30, 2019, and (ii) all of its outstanding Floating Rate Junior Subordinated Debt Securities due 2033, having an aggregate principal amount of $5,155,000 and are issued to and held by FBT Capital Trust I, a Delaware statutory trust, which redemption is scheduled to occur on or about August 8, 2019. These redemptions will also be funded with a portion of the proceeds received by the Company from its recently completed initial public offering.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: June 17, 2019
RED RIVER BANCSHARES, INC.
|Amanda W. Barnett|
Senior Vice President, General Counsel, and