debt
confidence high
sentiment neutral
materiality 0.55
Home BancShares to redeem all $300M of 5.625% subordinated notes due 2027 on April 15, 2022
HOME BANCSHARES INC
- Redeems $300M principal of 5.625% Fixed-to-Floating Rate Subordinated Notes due 2027 at 100% plus accrued interest.
- Redemption date set for April 15, 2022; notes would have switched to floating rate (3-month LIBOR + 3.575%) if not called.
- Notice sent via trustee U.S. Bank Trust Company; no reason for early redemption disclosed.
- Original issuance in April 2017; notes were unsecured subordinated obligations maturing April 2027.