On June 12, 2019, First Internet Bancorp closed its public offering of $35.0 million principal amount of its 6.0% Fixed-to-Floating Rate Subordinated Notes due 2029. Our firm served as issuer's counsel in the transaction.
The underwriters exercised in full their right to purchase up to an additional $2.0 million principal amount of notes at the public offering price, exclusive of underwriting discounts and offering expenses, bringing the total gross proceeds from the offering to $37.0 million. The additional notes were issued in a closing on June 19, 2019.
