secwatch.observer — SEC 8-K summary
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Issuer:     Axos Financial, Inc. (AX)
CIK:        0001299709
Form:       8-K
Filed at:   2025-09-19T23:59:59+00:00
Accession:  0001299709-25-000162
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1299709/000129970925000162/0001299709-25-000162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1299709/000129970925000162/ax-20250919.htm
  HTML page:      https://secwatch.observer/filing/0001299709-25-000162

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