TEXAS CAPITAL BANCSHARES INC/TX 8-K

What Happened

• Texas Capital Bancshares, Inc. announced on March 9, 2026 (via an 8‑K) that it will redeem all outstanding 4.000% Fixed‑to‑Fixed Rate Subordinated Notes due 2031 on May 6, 2026.
• The company will redeem the full principal amount of $375,000,000 at a redemption price of 100% of principal plus accrued and unpaid interest to (but excluding) the Redemption Date. The Notes were issued under the Indenture dated September 21, 2012, as supplemented by the First Supplemental Indenture dated May 6, 2021, with U.S. Bank Trust Company, N.A. as successor trustee.

Key Details

• Redemption date: May 6, 2026.
• Aggregate principal amount being redeemed: $375,000,000 (all outstanding Notes).
• Redemption price: 100% of principal plus accrued and unpaid interest to (but excluding) the Redemption Date.
• Trustee/Indenture: U.S. Bank Trust Company, National Association is successor trustee; Indenture originally dated Sept 21, 2012, supplemented May 6, 2021.

Why It Matters

• Noteholders will receive full principal plus accrued interest on the redemption date, and the company will eliminate these subordinated notes from its outstanding debt.
• For investors, this removes a fixed‑rate subordinated liability (and its future interest payments) from Texas Capital’s balance sheet; watch subsequent filings or disclosures for any funding or capital‑management details related to the redemption.