MB Financial calls all $100 million series A perpetual preferreds

By Wendy Van Sickle

Columbus, Ohio, Jan. 10 – MB Financial, Inc. will redeem all $100 million of its outstanding series A perpetual non-cumulative preferred stock, according to an 8-K filing with the Securities and Exchange Commission.

The 4 million shares will be redeemed on Feb. 15 at $25.00 apiece.

The redemption will be funded with a portion of the proceeds of the company’s offering of depository shares representing a 1/40th interest in its 6% non-cumulative perpetual preferred stock, series C, which was completed on Nov. 22.

Chicago-based MB Financial is a financial holding company.

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