Avidbank (AVBH) sells 7% notes, moves to retire 5% 2029 debt
Avidbank Holdings (AVBH) issued $30M in 7% subordinated notes due 2036 to redeem $22M of 5% notes due 2029. The company plans to use proceeds for debt retirement and general corporate purposes. The notes are unsecured and rank junior to senior debt.
