Franchise Group Prices New Preferred

Franchise Group (FRG) has priced their previously announced new cumulative perpetual preferred issue.

The coupon will be 7.50% will be cumulative and qualified.

No OTC grey market ticker has yet been announced–the trade on the issuance doesn’t take place until today so I suspect we will see the OTC ticker sometime today.

The pricing term sheet can be see here.

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