Great Southern Bancorp, Inc 8-K, filed Apr 30, 2025
Great Southern Bancorp, Inc. (GSBC)
About this 8-K
Great Southern Bancorp, Inc filed this 8-K on April 30, 2025.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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Item 8.01 Other Events.
On April 30, 2025, Great Southern Bancorp, Inc. (the “Company”) notified holders that the Company will redeem on June 15, 2025 (the “Redemption Date”) all of the Company’s outstanding 5.50% Fixed-to-Floating Rate Subordinated Notes due June 15, 2030, having an aggregate principal amount of $75,000,000 (the “Subordinated Notes”), in accordance with the terms of the Subordinated Notes. The total redemption price will be 100% of the aggregate principal amount of the Subordinated Notes, plus accrued and unpaid interest to, but excluding, the Redemption Date. The Company will utilize excess cash on hand for the redemption payment. The annual combined interest expense and amortization of deferred issuance costs on the Subordinated Notes has been approximately $4.4 million.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GREAT SOUTHERN BANCORP, INC. | ||
| Date: April 30, 2025 | By: | /s/ Joseph W. Turner |
| Joseph W. Turner, President and Chief Executive Officer | ||