---
schema_version: "secwatch.filing_event.v1"
accession: "0001299709-25-000162"
form_type: "8-K"
ticker: "AX"
cik: "0001299709"
company_name: "Axos Financial, Inc."
filed_at: "2025-09-19T23:59:59+00:00"
generated_at: "2026-05-17T06:04:49.881939+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Axos Financial issues $200M of 7.00% subordinated notes due 2035

## Summary
- Issued $200M aggregate principal of 7.00% Fixed-to-Floating Rate Subordinated Notes due 2035.
- Fixed rate 7.00% from Sep 2025 to Oct 2030; then floats at SOFR + 379 bps quarterly.
- Notes mature Oct 1, 2035; are unsecured, subordinated, and rank junior to senior debt.
- Redeemable at par beginning Oct 1, 2030; sold via Keefe, Bruyette & Woods underwriting agreement.

## SEC filing metadata
- accession: 0001299709-25-000162
- form_type: 8-K
- ticker: AX
- cik: 0001299709
- company_name: Axos Financial, Inc.
- filed_at: 2025-09-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1299709/000129970925000162/0001299709-25-000162-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1299709/000129970925000162/ax-20250919.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001299709-25-000162
- JSON: https://secwatch.observer/filing/0001299709-25-000162.json
- Plain text: https://secwatch.observer/filing/0001299709-25-000162.txt

## Key facts
- Debt Financings
  Axos Financial, Inc. incurred senior notes of $200,000,000 aggregate principal amount with Keefe, Bruyette & Woods, Inc., as representative of the underwriters at 7.00% Fixed-to-Floating Rate maturing 2035-10-01.
  - Instrument: senior notes
  - Principal: $200,000,000 aggregate principal amount
  - Counterparty: Keefe, Bruyette & Woods, Inc., as representative of the underwriters
  - Rate: 7.00% Fixed-to-Floating Rate
  - Maturity: 2035-10-01
  - Event: incurrence
  source text: On September 19, 2025, Axos Financial, Inc. (the “Company”) completed its previously announced sale of $200,000,000 aggregate principal amount of the Company’s 7.00% Fixed-to-Floating Rate Subordinated Notes due 2035
  evidence_url: https://www.sec.gov/Archives/edgar/data/1299709/000129970925000162/0001299709-25-000162-index.htm

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