---
schema_version: "secwatch.filing_event.v1"
accession: "0001299709-25-000157"
form_type: "8-K"
ticker: "AX"
cik: "0001299709"
company_name: "Axos Financial, Inc."
filed_at: "2025-09-17T23:59:59+00:00"
generated_at: "2026-05-17T06:20:22.614077+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Axos Financial prices $200M sub notes at 7.00% to refinance higher-cost 2030 notes

## Summary
- $200M 7.00% Fixed-to-Floating Rate Subordinated Notes due 2035 priced on Sept 16, closing Sept 19.
- Net proceeds ~$197.2M after 1.25% underwriting discount; use: redeem $160.5M outstanding 2030 notes (4.875% fixed, set to re-price to ~9%) and support growth.
- 2030 notes conditional redemption notice issued Aug 29; redemption on Oct 1, 2025 subject to financing condition.
- Notes rated BBB by Kroll Bond Rating Agency; interest fixed 7.00% to Oct 2030, then Three-Month Term SOFR + 379bps.
- Joint book-runners: Keefe Bruyette & Woods and Raymond James; co-managers: B. Riley and Janney.

## SEC filing metadata
- accession: 0001299709-25-000157
- form_type: 8-K
- ticker: AX
- cik: 0001299709
- company_name: Axos Financial, Inc.
- filed_at: 2025-09-17T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1299709/000129970925000157/0001299709-25-000157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1299709/000129970925000157/ax-20250916.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001299709-25-000157
- JSON: https://secwatch.observer/filing/0001299709-25-000157.json
- Plain text: https://secwatch.observer/filing/0001299709-25-000157.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.