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BRIEF-Horizon Bancorp announces balance sheet restructuring transaction

Nov 30 Horizon Bancorp

* Horizon Bancorp announces balance sheet restructuring transaction

* Transactions include prepaying $106 million of high fixed-rate borrowings with contractual maturities ranging from June 2017 to Sept 2020

* Debt prepayment was funded from sale of available-for-sale investment securities of $168.0 million

* Company realized a loss of $4.8 million from early redemption of debt

* Loss was partially offset by an expected net gain on sale of investment securities of $966,000 Source text for Eikon: Further company coverage:

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