debt
confidence high
sentiment neutral
materiality 0.55
Atlantic Union Bankshares issues $250M of 6.25% subordinated notes due 2036
Atlantic Union Bankshares Corp
- $250M aggregate principal of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036 issued.
- Fixed rate 6.25% for first 5 years, then floating at 3-month SOFR + 213 bps.
- Matures August 1, 2036; redeemable at par on or after August 1, 2031.
- Notes are unsecured, subordinated obligations intended to qualify as Tier 2 capital.
- Issued under Third Supplemental Indenture with U.S. Bank Trust as trustee.