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.
This transaction further reinforces the Company’s position as a trusted financial partner with a strong commitment to prudent capital management and sustainable growth.
Piper Sandler & Co. acted as sole placement agent for the Notes offering, and Miller Nash LLP served as counsel to the Company.
This press release is for informational purposes only and shall not constitute an offer to sell or a solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release shall also not be construed as a notice of redemption of any of the outstanding senior notes. The Notes are not deposits or obligations of a bank or savings association and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any governmental agency.
About Western Capital Corporation
Western Capital Corporation, through its wholly owned subsidiary, Northwest Bank, provides innovative solutions to small and medium sized companies, professionals and non-profit organizations through branch locations in Boise, Idaho; Coeur d’Alene, Idaho; Portland, Oregon; Salt Lake City, Utah; and Seattle, Washington, in addition to a loan production office in Nampa, Idaho.
Western Capital Corporation, through its wholly owned subsidiary, Northwest Bank, provides innovative solutions to small and medium sized companies, professionals and non-profit organizations through branch locations in Boise, Idaho; Coeur d’Alene, Idaho; Portland, Oregon; Salt Lake City, Utah; and Seattle, Washington, in addition to a loan production office in Nampa, Idaho.
Media Contact
Kyle J. Leyendecker
Kyle J. Leyendecker
President & Chief Operating Officer, Northwest Bank
(206) 621-8757 • kyle.leyendecker@northwest-bank.com