debt
confidence high
sentiment neutral
materiality 0.50
South Plains Financial redeems $50M subordinated notes due 2030
SOUTH PLAINS FINANCIAL, INC.
- Redeemed entire $50M principal of 4.50% Fixed to Floating Rate Subordinated Notes due 2030 on Sept 30, 2025.
- Redemption price was 100% of principal plus accrued and unpaid interest to the Redemption Date.
- Redemption was approved by the Company's primary federal regulator on August 22, 2025.