ConnectOne Bancorp, Inc. (CNOB): debt financing — ConnectOne Bancorp issues $200M subordinated notes at 8.125%, due 2035

ConnectOne Bancorp, Inc.

Issued $200M of 8.125% Fixed-to-Floating Rate Subordinated Notes due 2035; net proceeds ~$196.5M.
Proceeds to redeem $75M of outstanding 5.75% notes due 2030 and contribute $100M to ConnectOne Bank as regulatory capital.
Interest fixed at 8.125% until June 2030, then resets quarterly to 3-month SOFR + 441.5 bps.
Notes are unsecured, subordinated obligations ranking junior to senior debt and structurally subordinated to bank liabilities.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ConnectOne Bancorp, Inc. incurred senior notes of $200,000,000 with U.S. Bank Trust Company, National Association at 8.125% Fixed-to-Floating Rate maturing due 2035.

Instrument: senior notes
Principal: $200,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 8.125% Fixed-to-Floating Rate
Maturity: due 2035
Event: incurrence

Exact text from the filing

with respect to the issuance and sale of $200,000,000 of the Company's 8.125% Fixed-to-Floating Rate Subordinated Notes due 2035

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ConnectOne Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-050842

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