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.

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