NasdaqGS:WSBCBanks
What WesBanco (WSBC)'s $230 Million Preferred Stock Offering Means for Shareholders
Earlier this week, WesBanco completed a US$230 million public offering of depositary shares representing interests in its Series B Preferred Stock, set to pay a fixed 7.375% dividend until October 1, 2030 before switching to a variable rate.
Most of the proceeds will be allocated to redeem existing preferred stock and subordinated notes, while the remainder could support potential acquisitions or capital investments.
We will examine how this sizable preferred stock issuance and focus on...