secwatch.observer — SEC 8-K summary
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Issuer:     MEDALLION FINANCIAL CORP (MFIN)
CIK:        0001000209
Form:       8-K
Filed at:   2025-05-16T23:59:59+00:00
Accession:  0000950170-25-073112
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000209/000095017025073112/0000950170-25-073112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000209/000095017025073112/mfin-20250516.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-073112

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