YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Great Southern Bancorp Inc. (Nasdaq: GSBC) yesterday issued a $75 million debt offering.
It's the first public offering since a $75 million issuance in 2016, said Kelly Polonus, spokesperson for the Great Southern Bank operator. In 2016, Great Southern issued and completed the offering in less than a week, according to Springfield Business Journal archives.
Great Southern Bank expects roughly $73 million in net proceeds from the latest round, according to a news release.
The Springfield-based company plans to use the proceeds for general corporate needs, which may include repayment of outstanding debt, dividend payments, acquisitions and share buybacks.
The operator of 97 branches recently was named among the world's best banks by Forbes.
GSBC shares were trading at $38.78 as of 11:03 a.m., compared with a 52-week range of $32.23 to $64.48.
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