DigitalBridge Announces Partial Redemption of 7.125% Series H Cumulative Redeemable Perpetual Preferred Stock
DigitalBridge Group, Inc. (DBRG)
Company Research
Source: Business Wire
BOCA RATON, Fla.--(BUSINESS WIRE)--DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge” or the “Company”) today announced that it is redeeming 2,560,000 shares (the “Redeemed Shares”), representing approximately 22.3% of the 11,500,000 issued and outstanding shares of 7.125% Series H Cumulative Redeemable Perpetual Preferred Stock (NYSE: DBRG.PrH) (the “Series H Preferred Shares”) with a total liquidation preference of $64,000,000.“With this latest redemption, we will have reduced our preferred stock outstanding by over $140 million since July,” said Jacky Wu, CFO of DigitalBridge. “We look forward to continuing to drive corporate cash flows by reducing our effective cost of capital as we leverage the strong growth in our investment management and operating platforms.”The Redeemed Shares will be redeemed at a cash redemption price of $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) to, but not including, the redemption date of November 15, 2021
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Earnings
- 2/21/24 - Beat
DBRG
Sec Filings
- 3/22/24 - Form 3
- 3/21/24 - Form 8-K
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- DBRG's page on the SEC website