debt
confidence high
sentiment neutral
materiality 0.60
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.
item 2.03item 9.01