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8-KAccepted Sep 17, 5:14 PM ET

Amerant Bancorp Announces $50M 7.00% Senior Notes Offering

AMTBAmerant Bancorp Inc.

Accepted (ET)

5:14 PM

Sep 17, 2026

Filed

Sep 17, 2026

Documents

23

Size

1.3 MB

Summary

Amerant Bancorp Announces $50M 7.00% Senior Notes Offering

Updated

What Happened

  • Amerant Bancorp Inc. announced on its Form 8-K that it entered an underwriting agreement (Sept. 14, 2026) and completed a registered public offering of $50 million aggregate principal amount of 7.00% Senior Notes due 2031 on Sept. 17, 2026. Raymond James & Associates acted as underwriter and The Bank of New York Mellon is trustee under the Indenture.
  • The Notes bear interest at 7.00% per year, payable semi‑annually on March 17 and September 17 (first payment March 17, 2027), are unsecured and unsubordinated, and mature on September 17, 2031.

Key Details

  • Aggregate principal: $50,000,000.
  • Coupon/maturity: 7.00% annual interest, due September 17, 2031; interest paid semi‑annually beginning March 17, 2027.
  • Net proceeds: approximately $48.4 million after underwriting discount and offering expenses.
  • Use of proceeds: for general corporate purposes, potentially including working capital, supporting Amerant Bank, N.A.’s organic growth, repaying indebtedness, and repurchasing Class A stock under the repurchase program.

Why It Matters

  • This transaction creates a new direct financial obligation (long‑term debt) on Amerant’s balance sheet and will increase annual interest expense at a fixed 7.00% rate. The notes are unsecured but rank senior to any subordinated debt and pari passu with other unsecured indebtedness.
  • The roughly $48.4M of net proceeds strengthen the company’s liquidity and may be used to fund growth, reduce other debt, or support share repurchases, all of which can influence capital allocation and future financial results.

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