Shares are fixed-rate reset shares. The coupon is fixed at 6.875% until 4/15/2028 at which point the coupon resets at the 5 year treasury plus a fixed spread of 2.704%. The coupon then resets each 5 years
Only redeemable on a dividend payment date
Coupon is fixed until 10/1/2027 at 8.25% after which it is reset at the 5 year treasury plus a fixed spread of 4.34%. The coupon will be reset every 5 years
May only be redeemed on a dividend payment date
Coupon is fixed at 7.75% until 9/30/2027 after which it will reset at the 5 year treasury plus a spread of 4.713%. Coupon is reset every 5 years.
Initial fixed dividend is 6.20% until 12/15/2027 at which point it will reset based on the 5 year treasury plus a spread of 3.132%
Issue may only be redeemed on a dividend payment date
Coupon will reset every 5 years starting 9/1/2027 to the 5 year treasruy rate plus a spread of 4.82%
Bank OZK is regulated by the FDIC and as such they do not file all statements with the SEC. As such the link below ‘All SEC Filings’ actually takes you to a company web page with all filings listed.
On 3/19/2023 S&P downgrade these to CCC