debt
confidence high
sentiment positive
materiality 0.60
Great Southern Bancorp to redeem $75M subordinated notes on June 15, 2025
GREAT SOUTHERN BANCORP, INC.
- Redeeming all $75M principal of 5.50% Fixed-to-Floating Rate Subordinated Notes due 2030.
- Redemption price is 100% of principal plus accrued interest to June 15, 2025.
- Payment will be made from excess cash on hand; annual interest/amortization expense ~$4.4M eliminated.
- Reduction in debt and future interest expense improves capital efficiency.