TRUSTMARK CORP (TRMK): debt financing — Trustmark issues $175M of 6.00% subordinated notes due 2035 to refinance existing debt

TRUSTMARK CORP

Issued $175M aggregate principal of 6.00% Fixed-to-Floating Subordinated Notes due Dec 1, 2035.
Net proceeds ~$173.1M; to repay $125M of 3.625% subordinated notes due 2030 and for general corporate purposes.
Fixed rate 6.00% for first 5 years, then floating at 3-month SOFR + 260 bps.
Underwriters: Keefe, Bruyette & Woods and Goldman Sachs; expected close Nov 20, 2025.

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

TRUSTMARK CORP incurred senior notes of $175,000,000 aggregate principal amount with Keefe, Bruyette & Woods and Goldman Sachs & Co. LLC as underwriters at 6.00% Fixed-to-Floating Rate maturing December 1, 2035.

Instrument: senior notes
Principal: $175,000,000 aggregate principal amount
Counterparty: Keefe, Bruyette & Woods and Goldman Sachs & Co. LLC as underwriters
Rate: 6.00% Fixed-to-Floating Rate
Maturity: December 1, 2035
Event: incurrence

Exact text from the filing

On November 17, 2025, Trustmark Corporation (the “Company”) agreed to issue and sell (the “Offering”) $175,000,000 aggregate principal amount of its 6.00% Fixed-to-Floating Rate Subordinated Notes due 2035 (the “Notes”)

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Source: SEC EDGAR

accession 0001193125-25-288633

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