Live Oak Bancshares prices $100M Series A preferred stock offering at 8.375% yield

14 hours ago 1

Live Oak Bancshares (NYSE:LOB) priced an underwritten offering of 4M depositary shares, each representing 1/40th of a share of its 8.375% Series A Non-Cumulative Perpetual Preferred Stock.
Each depositary share has a liquidation preference of $25, implying a $100M total offering size.

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