Home BancShares completes $300M subordinated notes offering due 2032

HOME BANCSHARES INC

Issued $300M in 3.125% fixed-to-floating rate subordinated notes due Jan 30, 2032.
Net proceeds of ~$297.2M after underwriting discounts; Piper Sandler sole bookrunner.
Proceeds for general corporate purposes, including repayment of existing subordinated debt and potential Happy Bancshares acquisition.
Interest fixed at 3.125% through Jan 2027, then floats at Three-Month Term SOFR + 182 bps.
Notes are unsecured subordinated obligations; callable at par on/after Jan 30, 2027.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.