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.
3 thoughts on “Bank OZK Prices New Preferred Issue”
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.
..Issuer: Bank OZK
….Pref. Stock Non-cumulative (Local Currency), Assigned Ba2 (hyb)
term sheet is here