Bank OZK (OZK) has priced a new issue of non cumulative, qualified preferred stock.
14 million shares priced at 4.625%.
The SEC document has not been published, but the company press release can be found here.
Further details will be posted when documents are filed.
TDA won’t let you place an order. I talked to the trading desk and they are going by the OTC label of GREY MARKET. As I explained to them, why are you trading the common stock if they are not in compliance? Obviously they are. They have no answers. I need a new broker!
Rating Action: Moody’s assigns Ba2 (hyb) preferred stock rating to Bank OZK
28 Oct 2021
New York, October 28, 2021 — Moody’s Investors Service (“Moody’s”) has assigned a Ba2 (hyb) rating to noncumulative preferred stock issued by Bank OZK.
Assignments:
..Issuer: Bank OZK
….Pref. Stock Non-cumulative (Local Currency), Assigned Ba2 (hyb)
term sheet is here
https://ir.ozk.com/static-files/5bda8043-29ee-4e0b-9723-41d2ee9688f7