04:31 PM EDT, 09/06/2024 (MT Newswires) -- Green Dot ( GDOT ) said late Friday it has completed a private placement of $45 million in senior notes due 2029 to institutional investors.

The notes bear a fixed annual rate of 8.75%.

The company said it plans to use the net proceeds to repay debt and for general corporate purposes.

Shares of the company fell 1.9% in after-hours activity.

Price: 10.36, Change: -0.20, Percent Change: -1.89