04:39 PM EDT, 06/24/2025 (MT Newswires) -- Bridgewater Bancshares ( BWB ) said late Tuesday it has closed an $80.0 million private placement of its 7.625% fixed-to-floating rate subordinated notes due 2035.
The company said it plans to use the net proceeds to redeem $50 million of 5.25% fixed-to-floating rate subordinated notes due 2030 and for general corporate purposes.