The company has paid the US Treasury a total of USD262.5m, plus an
accrued dividend of USD1.9m.
(The
accrued dividend for 2010 is KZT2,010 since prefs were issued only at the start of 2Q10.)
After the settlement with the creditors, the
accrued dividend shall be paid to the holders of preference shares with a cumulative dividend.
Shares of Class B preferred stock will be traded for three shares of common stock, plus
accrued dividend.
Finally, the company bought back the remaining 280,000 outstanding shares of the preferred stock for USD9.1m, plus an
accrued dividend of USD874,000, using the proceeds of a USD10m new term loan under its current credit agreement with Fifth Third Bank, amended under a second amendment to Credit Agreement and Limited Waiver.
The company paid USD3.3m, which was 100% of par value, to repurchase the preferred shares along with the
accrued dividend for the shares repurchased.
Treasury a total of USD 45 m of the remaining USD 176m of the USD 216m it received under the Capital Purchase Program, plus an
accrued dividend of USD 475,000.
The company has also paid the US Treasury a sum of USD262.5m, plus an
accrued dividend of USD1.1m.
The company paid USD71.6m (EUR56.5m) to the Treasury, with the sum including
accrued dividend of some USD346,000.
Bank holding company WesBanco (NASDAQ: WSBC) has repurchased from the US Department of the Treasury 75,000 shares of the company's fixed rate cumulative perpetual preferred stock, series-A, at a purchase price of USD75m plus a final
accrued dividend of USD250,000, after receiving approval from the Treasury and appropriate regulatory authorities.