---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-073112"
form_type: "8-K"
ticker: "MFIN"
cik: "0001000209"
company_name: "MEDALLION FINANCIAL CORP"
filed_at: "2025-05-16T23:59:59+00:00"
generated_at: "2026-05-21T02:41:29.161427+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Medallion Bank prices $75M Series G preferred stock offering at 9% dividend rate

## Summary
- Offering of 3,000,000 shares of Series G Fixed-Rate Reset Non-Cumulative Perpetual Preferred at $25/share, $75M aggregate.
- Dividends at 9.00% through June 30, 2030, then five-year U.S. Treasury rate plus 4.94% per annum thereafter.
- Net proceeds for general corporate purposes including capital growth, loan expansion, or redemption of Series F preferred.
- Expected to close May 22, 2025; underwriters have 30-day option to buy up to 450,000 additional shares for over-allotments.
- Series G to trade on Nasdaq under symbol MBNKO; Medallion Bank remains wholly owned by Medallion Financial.

## SEC filing metadata
- accession: 0000950170-25-073112
- form_type: 8-K
- ticker: MFIN
- cik: 0001000209
- company_name: MEDALLION FINANCIAL CORP
- filed_at: 2025-05-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000209/000095017025073112/0000950170-25-073112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000209/000095017025073112/mfin-20250516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-073112
- JSON: https://secwatch.observer/filing/0000950170-25-073112.json
- Plain text: https://secwatch.observer/filing/0000950170-25-073112.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.