debt
confidence high
sentiment neutral
materiality 0.40
First Interstate BancSystem redeems all outstanding 5.25% subordinated notes due 2030
FIRST INTERSTATE BANCSYSTEM INC
- Redeemed all outstanding $5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 on Aug 15, 2025 at 100% par plus accrued interest.
- Company deposited sufficient funds with trustee to satisfy and discharge obligations under the notes and related First Supplemental Indenture.
- Holders were notified of redemption election on July 3, 2025.
- Remaining subordinated debt: $125M principal of 7.625% notes due 2035 under separate indenture.
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