The partial redemption suggests the company is managing its debt structure, potentially reducing future interest expenses. Traders should monitor the company's capital structure changes and whether this indicates a shift in financial strategy or improved liquidity position.
Price Chart
Executive Summary
Old Second Bancorp announced the redemption of $30 million in aggregate principal amount of its 3.50% Fixed-to-Floating Rate Subordinated Notes due 2031 on April 15, 2026. The redemption price will be 100% of the principal plus accrued interest, with $30 million of the notes remaining outstanding after the redemption. The company has received non-objection from the Federal Reserve Bank of Chicago.
Key Facts
- Old Second Bancorp will redeem $30,000,000 of its 3.50% Fixed-to-Floating Rate Subordinated Notes due 2031 on April 15, 2026
- Redemption price is 100% of principal plus accrued and unpaid interest
- After redemption, $30,000,000 aggregate principal amount of the notes will remain outstanding
- The company has received non-objection from the Federal Reserve Bank of Chicago for this redemption
Financial Impact
The company will pay $30,000,000 in principal plus accrued interest to redeem half of its outstanding subordinated notes
Risk Factors
- Reduction in debt capacity could limit future financing options
- The redemption requires cash outflow which could affect liquidity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000357173-26-000014 |
| Document: 0000357173-26-000014-index-headers.html | 0000357173-26-000014 |
| Document: 0000357173-26-000014-index.html | 0000357173-26-000014 |
| Document: 0000357173-26-000014.txt | 0000357173-26-000014 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $24.71 | awaiting T+5 | — | $24.77 (+0.24%) |
Oct 20, 2026 6d ago | 8-K | $25.10 | awaiting T+5 | — | $24.77 (−1.31%) |
Oct 19, 2026 7d ago | 8-K | $25.10 | awaiting T+5 | — | $24.77 (−1.31%) |
Oct 8, 2026 18d ago | SC 13G | $24.86 $24.85 | ▼ −0.04% | ▲ +0.24% | $24.77 (−0.36%) |
Oct 1, 2026 25d ago | 8-K | $24.63 $24.86 | ▲ +0.93% | ▼ −0.37% | $24.77 (+0.57%) |
Sep 11, 2026 6w ago | Insider Cluster | $25.58 $24.99 | ▲ +2.31% | ▲ +2.09% | $24.77 (+3.17%) |
Sep 8, 2026 6w ago | Insider Cluster | $25.26 $24.98 | ▼ −1.11% | ▼ −0.01% | $24.77 (−1.94%) |
Aug 18, 2026 9w ago | S-3ASR | $25.66 $25.19 | ▼ −1.83% | ▼ −1.63% | $24.77 (−3.47%) |
Jul 21, 2026 13w ago | 8-K | $23.68 $24.72 | ▲ +4.39% | ▲ +5.62% | $24.77 (+4.60%) |
Jul 8, 2026 15w ago | 8-K | $22.71 $23.01 | ▲ +1.32% | ▲ +0.46% | $24.77 (+9.07%) |
US Market Status
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