OptimumBank Holdings, Inc. (OPHC)

Zacks.com highlights five value stocks—AMC Global Media, Lifetime Brands, OptimumBank Holdings, EnerSys, and First American Financial Corp.—that possess attractive EV-to-EBITDA ratios. The article explains why the EV-to-EBITDA multiple is considered a superior valuation metric compared to the P/E ratio for identifying undervalued companies, especially those with debt or negative earnings. It details the individual growth prospects and strong Value Scores for each of the selected companies.

OptimumBank Holdings, Inc. has issued $35 million in 7.50% Fixed-to-Floating Rate Subordinated Notes due 2036 through a private placement. The notes will bear a fixed interest rate of 7.50% until September 1, 2031, after which the rate will reset quarterly to the three-month SOFR plus 340 basis points. The company intends to use the net proceeds for general corporate purposes and may redeem the notes on or after September 1, 2031, or under certain limited circumstances before that date.

OptimumBank Holdings, Inc. (OPHC) has issued $35.0 million in 7.50% Fixed-to-Floating Rate Subordinated Notes due 2036 through a private placement. These notes will bear a fixed interest rate of 7.50% until September 1, 2031, after which they will reset quarterly to three-month term SOFR plus 340 basis points. The company intends to use the net proceeds from this offering for general corporate purposes, and the notes are designed to qualify as Tier 2 capital for regulatory purposes.

OptimumBank Holdings has successfully issued $35.0 million in 7.50% fixed-to-floating rate subordinated notes due 2036, primarily to institutional accredited investors. The net proceeds will be allocated for general corporate purposes, and these notes are designed to qualify as Tier 2 capital. The company also signed a Registration Rights Agreement and an Indenture with UMB Bank to facilitate the offering and manage the terms of the notes.

OptimumBank Holdings, Inc. has secured $35 million in funding through the issuance of unsecured subordinated notes. The notes, which bear a fixed interest rate of 7.50% per year, were issued at face value and mature on September 1, 2036. The funding round saw participation from institutional accredited investors and qualified institutional buyers.