Citizens Financial Group offers $300M in preferred stock options

CITIZENS FINANCIAL GROUP, parent company of Citizens Bank, is offering $300 million in preferred stock options and will use the proceeds for general corporate purposes, including working capital, retirement of debt, business acquisitions or investments, and other business opportunities. / BLOOMBERG FILE PHOTO/KELVIN MA
CITIZENS FINANCIAL GROUP, parent company of Citizens Bank, is offering $300 million in preferred stock options and will use the proceeds for general corporate purposes, including working capital, retirement of debt, business acquisitions or investments, and other business opportunities. / BLOOMBERG FILE PHOTO/KELVIN MA
PROVIDENCE – Citizens Financial Group Inc. is offering $300 million in 6 percent fixed-to-floating rate noncumulative perpetual Series B Preferred Stock at $1,000 per share, the company announced Tuesday. The company will use the proceeds from the 300,000 shares for general business purposes including working capital, retirement of debt, business acquisitions or investments, and other…

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