SouthState Bank Corp (SSB): debt financing — SouthState issues $350M 7% fixed-to-floating subordinated notes due 2035

SouthState Bank Corp

$350M aggregate principal, 7.000% fixed rate through June 2030, then SOFR+319 bps floating through June 2035.
Notes are subordinated and redeemable early at the company's option; interest semiannual then quarterly.
Issued under shelf registration; Indenture with U.S. Bank Trust Company as trustee dated June 13, 2025.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SouthState Bank Corp incurred senior notes of $350,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 7.000% Fixed-to-Floating Rate maturing 2035.

Instrument: senior notes
Principal: $350,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 7.000% Fixed-to-Floating Rate
Maturity: 2035
Event: incurrence

Exact text from the filing

of this Current Report on Form 8-K and are hereby incorporated by reference into this Item 2.03. I tem 8.01 Other Events Pursuant to the previously announced offering of $350,000,000 aggregate principal amount of 7.000% Fixed-to-Floating Rate Subordinated Notes due 2035 (the “Notes”) to be issued by SouthState Corporation (the “Company”), the Company and U.S.

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SouthState Bank Corp filing history →

Source: SEC EDGAR

accession 0001558370-25-008604

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