debt
confidence high
sentiment neutral
materiality 0.55
Atlantic Union Bankshares issues $250M subordinated notes due 2036, to repay $168M 2029 notes
Atlantic Union Bankshares Corp
- $250M aggregate principal of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036.
- Net proceeds to repay $168M of outstanding 4.25% Fixed-to-Floating Rate Subordinated Notes due 2029 plus accrued interest.
- Offering expected to close July 30, 2026; conditional redemption of 2029 notes contingent on completion.
- Underwriting agreement with Keefe, Bruyette & Woods and Piper Sandler & Co.