debt
confidence high
sentiment neutral
materiality 0.50
Amerant Bancorp closes $50M 7.00% senior notes due 2031; net proceeds $48.4M
Amerant Bancorp Inc.
- Issued $50M aggregate principal 7.00% Senior Notes due Sept 17, 2031; interest payable semi-annually on Mar 17/Sep 17 starting Mar 17, 2027.
- Net proceeds ~$48.4M after underwriting discount and expenses; used for general corporate purposes incl. supporting Amerant Bank growth, repaying debt, and share repurchases.
- Notes are unsecured, unsubordinated, rank equally with existing unsecured debt and senior to subordinated debt; maturity Sept 17, 2031.
- Raymond James & Associates acted as sole book-running manager; offering closed Sept 17, 2026.