FB Financial issues $125M of 6.625% subordinated notes due 2036

FB Financial Corp

Issued $125M aggregate principal of 6.625% Fixed-to-Floating Rate Subordinated Notes due 2036.
Interest fixed at 6.625% until Oct 1 2031, then Three-Month Term SOFR plus 205 bps, paid quarterly.
Company may redeem notes in whole or part after Oct 1 2031, subject to Federal Reserve approval.
Net proceeds for general corporate purposes, including capital to FirstBank to support growth.
Notes are unsecured, subordinated, not guaranteed by subsidiaries, and rank junior to senior debt.

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