GREENVILLE, S.C., Aug. 15, 2025 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) (“United”, the “Company”), is redeeming all outstanding shares of the Company’s 6.875% Series I Non-Cumulative Perpetual Preferred Stock (the “Preferred Stock”) on September 15, 2025 (the “Redemption Date”). The announced redemption reflects United’s ongoing active management of its capital structure. Payment of the cash redemption price equal to $25,000 per share of Preferred Stock (the “Redemption Price”) (equivalent to $25 per Depositary Share) will be made on the Redemption Date. United will redeem the $88 million aggregate liquidation preference of the Preferred Stock using cash on hand.
Related Questions
What is the expected impact of the redemption on United Community Banks' common stock price?
How will the $88 million cash outlay affect the company's liquidity and balance sheet ratios?
Will the redemption trigger any tax consequences for existing preferred shareholders that could affect market demand?
Will the redemption of the Series I preferred shares lead to a change in the company's dividend policy for common shareholders?
How does the redemption price of $25,000 per preferred share compare to the market price and the original issuance price?
What is the likely effect on the yield and pricing of United Community Banks' remaining preferred securities?
How does United Community Banks' capital structure after redemption compare to its peers in the regional banking sector?
Is there any indication that the company will issue new equity or debt to replace the redeemed preferred capital?
What are the implications of the redemption for the company's credit ratings and borrowing costs?
How might the redemption influence analyst coverage and earnings forecasts for United Community Banks?