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Live Oak Bancshares, Inc. Closes Depositary Share Offering

  • Live Oak Bancshares, Inc. announced the closing of its underwritten offering of 4,000,000 depositary shares representing interests in its 8.750% Fixed Rate Series B Non-Cumulative Perpetual Preferred Stock.
  • Each depositary share carries a $25 liquidation preference.
  • The company received approximately $96,250,000 in net proceeds after estimated expenses, underwriting discounts, & commissions.
  • Morgan Stanley & Co. LLC, Keefe, Bruyette & Woods (A Stifel Company), RBC Capital Markets, LLC, & UBS Investment Bank served as joint bookrunning managers.
  • A shelf registration statement was previously filed with the SEC on March 6, 2026, with a prospectus supplement filed specifically for this offering.
  • Documents are available free via the SEC's EDGAR website or by requesting them from the underwriters via provided toll-free numbers.
Company
Live Oak Bancshares, Inc.
Keywords
NYSE:LOB, Live Oak Bancshares, Inc., Live Oak Bank, LOB, preferred shares, depositary offering, share offering, Live Oak Bancshares