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Great Southern calls all $75 million 5.25% fixed-to-floaters due 2026
By Marisa Wong
Los Angeles, June 30 – Great Southern Bancorp, Inc. will redeem on Aug. 15 all of its outstanding 5.25% fixed-to-floating subordinated notes due Aug. 15, 2026, according to an 8-K filing with the Securities and Exchange Commission.
The $75 million of notes will be redeemed at par plus accrued interest to but excluding the redemption date.
The company will use excess cash on hand for the redemption.
The annual combined interest expense and amortization of deferred issuance costs on the notes has been roughly $4.3 million, the filing noted.
Great Southern is a Springfield, Mo.-based bank holding company.
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