other material
confidence high
sentiment neutral
materiality 0.55
Medallion Bank prices $55M Series G preferred stock offering at $25/share
MEDALLION FINANCIAL CORP
- Offering of 2,200,000 additional Series G preferred shares; aggregate liquidation $55M.
- Dividend fixed at 9.00% through June 30, 2030, then 5-yr U.S. Treasury + 4.94%.
- Expected close Sept 30, 2026; underwriters have 30-day option for 330,000 more shares.
- Proceeds for general corporate purposes; may redeem outstanding Series E preferred with FDIC approval.
- Reopens original May 22, 2025 Series G issuance; dividends accrue from Oct 1, 2026.