Western Capital Corporation Announces Completion of $55 Million Senior Unsecured Notes Offering
Receives Investment Grade Rating from Morningstar DBRS
December 9, 2025
Western Capital Corporation (the “Company”), holding company for Northwest Bank, announced the completion of a $55 million private placement of its 6.875% fixed rate senior unsecured notes (the “Notes”) due 2030.
On November 17, 2025, Morningstar DBRS assigned an investment grade rating of BBB (low) with a Stable trend to the Company. Morningstar DBRS also assigned credit ratings to Northwest Bank, including a Long-Term Issuer Rating of BBB with a Stable trend. The net proceeds from the Notes will be used to redeem the Company’s existing $25 million senior notes and for general corporate purposes, including supporting ongoing operations, strengthening liquidity and funding strategic initiatives aimed at delivering long-term value to shareholders.
Join us for an open house at our new full-service branch in Cottonwood Heights, UT
April 16, 2024
We're excited to announce that our Utah loan production office is becoming a full-service branch as of May 1.
The community is invited to an open house reception on May 16 from 2-4 p.m. (MDT) to celebrate the launch of the new branch and explore its expanded range of products and services.
The community is invited to an open house reception on May 16 from 2-4 p.m. (MDT) to celebrate the launch of the new branch and explore its expanded range of products and services.