The Traderszone Network

Published in TZ Latest News 28 October, 2021 by The TZ Newswire Staff

Bank OZK Announces Pricing of $350 Million of 4.625% Series A Non-Cumulative Perpetual Preferred Stock and Increase in Stock Repurchase Program

LITTLE ROCK, Ark., Oct. 28, 2021 (GLOBE NEWSWIRE) — Bank OZK (the “Bank”) (Nasdaq: OZK) today announced the pricing of a public offering of 14,000,000 shares of its 4.625% Series A Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share, and with a liquidation preference of $25 per share (the “Series A Preferred Stock”). The offering is expected to close on or about November 4, 2021, subject to the satisfaction of customary closing conditions.