secwatch.observer — SEC 8-K summary
======================================

Issuer:     TRUSTMARK CORP (TRMK)
CIK:        0000036146
Form:       8-K
Filed at:   2025-11-20T23:59:59+00:00
Accession:  0001193125-25-288633
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trustmark issues $175M of 6.00% subordinated notes due 2035 to refinance existing debt
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36146/000119312525288633/0001193125-25-288633-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36146/000119312525288633/d11256d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-288633

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer