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Live Oak Bancshares以8.375%的收益率为1亿美元的A系列优先股定价
2025-07-29 05:45
- Live Oak Bancshares (NYSE:LOB) priced an underwritten offering of 4M depositary shares, each representing 1/40th of a share of its 8.375% Series A Non-Cumulative Perpetual Preferred Stock.
- Each depositary share has a liquidation preference of $25, implying a $100M total offering size.
- Dividends, if declared, will be paid quarterly starting September 15, 2025, at an annual rate of 8.375%.
- The Series A Preferred Stock is redeemable at Live Oak’s option starting September 15, 2030, or upon certain regulatory events.
- The company plans to list the depositary shares on the NYSE under the ticker symbol “LOB PR A.”
- Net proceeds will be used for general corporate purposes, including capital support for Live Oak Banking Company.
- The offering is expected to close on or around August 4, 2025.
- Source: Press release
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