ENTERPRISE FINANCIAL SERVICES CORP (EFSC): debt financing — Enterprise Financial issues $175M of 6.25% Fixed-to-Floating Subordinated Notes due 2036

ENTERPRISE FINANCIAL SERVICES CORP

Issued $175M aggregate principal of 6.25% Fixed-to-Floating Rate Subordinated Notes due July 1, 2036.
Initial fixed rate 6.25% through June 30, 2031; thereafter floats at 3M Term SOFR + 232 bps paid quarterly.
Underwriting discount 1.25%; net proceeds approximately $172.8M for general corporate purposes.
Proceeds may be used to repay debt, pay dividends, support organic/acquisition growth, or invest in subsidiary bank.
Notes are subordinated and are not guaranteed by any subsidiary; redeemable at par after July 1, 2031.

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

ENTERPRISE FINANCIAL SERVICES CORP incurred senior notes of $175,000,000 with U.S. Bank Trust Company, National Association at 6.25% per annum fixed rate, then Three-Month Term SOFR plus 232 basis points flo maturing July 1, 2036.

Instrument: senior notes
Principal: $175,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.25% per annum fixed rate, then Three-Month Term SOFR plus 232 basis points flo
Maturity: July 1, 2036
Event: incurrence

Exact text from the filing

On June 17, 2026, Enterprise Financial Services Corp (the “Company”) completed the issuance and sale (the “Offering”) of $175,000,000 aggregate principal amount of its 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036 (the “Notes”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ENTERPRISE FINANCIAL SERVICES CORP entered into First Supplemental Indenture with U.S. Bank Trust Company, National Association, as trustee (effective 2026-06-17).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association, as trustee
Effective: 2026-06-17

Exact text from the filing

as supplemented by the First Supplemental Indenture, dated as of June 17, 2026 (the “First Supplemental Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ENTERPRISE FINANCIAL SERVICES CORP entered into Underwriting Agreement with Keefe, Bruyette & Woods, Inc. and Raymond James & Associates, Inc., as representatives of the several underwriters valued at $175,000,000 (effective 2026-06-12).

Action: entry
Agreement: underwriting
Counterparty: Keefe, Bruyette & Woods, Inc. and Raymond James & Associates, Inc., as representatives of the several underwriters
Value: $175,000,000
Effective: 2026-06-12

Exact text from the filing

In connection with the Offering, the Company entered into an Underwriting Agreement, dated June 12, 2026 (the “Underwriting Agreement”), with Keefe, Bruyette & Woods, Inc. and Raymond James & Associates, Inc., as representatives of the several underwriters listed on Schedule A attached thereto.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ENTERPRISE FINANCIAL SERVICES CORP entered into Base Indenture with U.S. Bank Trust Company, National Association, as trustee (effective 2026-06-17).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association, as trustee
Effective: 2026-06-17

Exact text from the filing

The Notes were issued under the Subordinated Indenture, dated as of June 17, 2026 (the “Base Indenture”), as supplemented by the First Supplemental Indenture, dated as of June 17, 2026 (the “First Supplemental Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee.

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296 debt financings filed in the last 30 days. Browse all debt financings →

ENTERPRISE FINANCIAL SERVICES CORP filing history →

Source: SEC EDGAR

accession 0001104659-26-075113

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