BancPlus enters $30M term loan to redeem $60M subordinated notes

BANCPLUS CORP

Borrowed $30M term loan from First Horizon Bank at prime minus 0.55% (floor 4.00%), maturing June 15, 2030.
Loan collateralized by all outstanding shares of BankPlus common stock under Pledge Agreement.
Proceeds plus cash used to redeem $60M of 6.000% Fixed-to-Floating Subordinated Notes on June 16, 2025.
Quarterly principal payments of $750k starting September 15, 2025; prepayment permitted without penalty.
Financial covenants include Tier 1 Leverage Ratio ≥8.00%, ROAA ≥0.75%, loan-to-value ≤40%.

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