Popular intends to use the net proceeds from the offering plus available cash to redeem $450 million aggregate principal amount of its outstanding 7.00 percent Senior Notes.
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QUOTE OF THE WEEK:
“Surely many Puerto Rican business owners are faced with this dilemma: How do we keep innovating? On the one hand, innovating is what the market is calling us to do, but on the other hand, we don’t want to cross an ethical line and provoke distrust among the public and our clients.”
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