Medallion Bank prices USD 55 million Series G preferred stock reopening
Bitget2026/09/23 22:30- Medallion Bank priced a $55 million reopening of its Series G fixed-rate reset non-cumulative perpetual preferred stock.
- Shares pay a 9% fixed dividend through June 30, 2030; reset to the 5-year U.S. Treasury rate + 4.94% from July 1, 2030.
- Proceeds earmarked for general corporate purposes, including potential redemption of Series E preferred stock, subject to FDIC approval.
- Offering expected to close Sept. 30, 2026; Medallion Bank remains a wholly owned unit of Medallion Financial.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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