Texas Capital Bancshares closes $400M 5.301% senior note offering due 2032

TEXAS CAPITAL BANCSHARES INC/TX

Company completed sale of $400M aggregate principal of 5.301% Fixed-to-Floating Rate Senior Notes due 2032.
Net proceeds of $398.4M; proceeds for general corporate purposes, including possible redemption of 4.000% sub notes due 2031.
Fixed rate of 5.301% from Feb 27, 2027 to Feb 27, 2031; floating at SOFR+1.94% thereafter until maturity Feb 27, 2032.

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