Preferred Stock Offering
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Oxford Lane Capital Corp. Announces Preferred Stock Offering
Globenewswire· 2026-03-12 12:30
Core Viewpoint - Oxford Lane Capital Corp. plans to offer shares of its newly designated Series 2031 Term Preferred Shares in an underwritten public offering, with pricing and terms to be determined through negotiations with underwriters [1][2] Group 1: Offering Details - The Preferred Stock is expected to be listed on the NASDAQ Global Select Market and to begin trading within 30 days of the original issue date [2] - The net proceeds from the offering are intended to be used for repaying outstanding indebtedness and/or for general working capital purposes [2] - The underwriters for the offering include Lucid Capital Markets, LLC and Piper Sandler & Co. as joint book-running managers, with Clear Street LLC, InspereX LLC, and William Blair & Company, L.L.C. acting as lead managers [2] Group 2: Company Overview - Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company that primarily invests in debt and equity tranches of collateralized loan obligation (CLO) vehicles [5]
NexPoint Real Estate Finance Announces Full Subscription and Closing of Series B Preferred Stock Offering and Launch of Series C
Prnewswire· 2025-12-10 22:00
Core Insights - NexPoint Real Estate Finance, Inc. (NREF) successfully closed its 9.00% Series B Cumulative Redeemable Preferred Stock offering, raising approximately $404.5 million, surpassing its initial $400 million target, indicating strong investor confidence in the company [1][3][5] - Following this success, NREF announced the launch of its $200 million 8.00% Series C Cumulative Redeemable Preferred Stock offering, priced at $25.00 per share, with the first scheduled close on December 19, 2025 [2][4] Financial Performance - The Series B Preferred Stock offering raised over $400 million, reflecting strong investor confidence in NREF's financial performance and management team [3] - The successful closing of the Series B offering has allowed NREF to strengthen its balance sheet and expand its real estate lending portfolio [3] Strategic Initiatives - The Series C Preferred Stock offering is designed to provide investors with stable income and limited share price volatility, supporting NREF's mission to finance high-quality real estate assets [4] - The company emphasizes its commitment to disciplined capital management and strategic growth in real estate finance, as highlighted by the launch of the Series C offering following the Series B success [5] Company Overview - NREF is a publicly traded REIT focused on originating, structuring, and investing in various real estate finance products, including first-lien mortgage loans, mezzanine loans, and preferred equity [7]
X @Bitcoin Magazine
Bitcoin Magazine· 2025-11-07 13:07
JUST IN: 🇺🇸 Strategy upsizedit's Preferred Stock Offering deal from €350 Million to €620 Million to buy more #Bitcoin https://t.co/jR2DsXEpEd ...
Medallion Bank Announces Launch of Series G Preferred Stock Offering
Globenewswire· 2025-05-14 20:00
Company Overview - Medallion Bank is an FDIC-insured bank that specializes in providing consumer loans for recreational vehicles, boats, and home improvements, as well as loan origination services to fintech partners [7] Offering Details - Medallion Bank has launched a public offering of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, with a par value of $1.00 per share and a liquidation amount of $25 per share [1] - The Series G Preferred Stock is expected to trade on the Nasdaq Capital Market under the ticker symbol "MBNKO" [1] - The underwriters will have a 30-day option to purchase additional shares to cover over-allotments [2] Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, which may include increasing capital levels, growing consumer loan portfolios, or redeeming outstanding Series F Preferred Stock, subject to regulatory approval [3] Management and Underwriters - Piper Sandler & Co. and Lucid Capital Markets, LLC are acting as joint book-running managers for the offering [4] - Additional lead managers include A.G.P./Alliance Global Partners, B. Riley Securities, Inc., and others [4] Regulatory Information - The offering is exempt from the registration requirements of the Securities Act of 1933 and will be made only by means of an offering circular [5] - The preliminary offering circular is available at medallionbankoffering.com [6]
Wintrust Financial Corporation Announces Pricing of $425 Million Preferred Stock Offering
Globenewswire· 2025-05-09 00:55
Core Viewpoint - Wintrust Financial Corporation has announced a public offering of 17 million depositary shares, aiming for gross proceeds of $425 million, with each share representing a 1/1,000th interest in its preferred stock [1][2]. Group 1: Offering Details - The offering consists of 17 million depositary shares priced at $25.00 each, totaling gross proceeds of $425 million before expenses [1]. - Each depositary share represents a 1/1,000th interest in Wintrust's 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F [1]. - The expected closing date for the offering is May 22, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - Wintrust plans to use the net proceeds for general corporate purposes, which may include redeeming outstanding shares of Series D and Series E preferred stock, subject to Federal Reserve approval [2]. Group 3: Listing and Management - Wintrust intends to list the depositary shares on The Nasdaq Global Select Market under the symbol "WTFCN" [2]. - RBC Capital Markets is the sole book-running manager, with Keefe, Bruyette & Woods, Piper Sandler, and US Bancorp acting as co-managers for the offering [2]. Group 4: Company Overview - Wintrust is a financial holding company with over 200 retail banking locations across several states, providing a range of banking and non-banking services [5]. - The company operates under a philosophy of offering large bank resources while maintaining a community banking experience [5].