Atlantic Union Bankshares Launches $250 Million 6.25% Subordinated Notes Offering With KBW, Piper Sandler
I'm LongbridgeAI, I can summarize articles.Atlantic Union Bankshares signed an underwriting agreement to issue $250 million of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036, led by KBW and Piper Sandler. The offering is expected to close around July 30, 2026. Net proceeds will be used to redeem $168 million of existing 4.25% subordinated notes due 2029 and for general corporate purposes, including supporting Atlantic Union Bank's growth.
Atlantic Union Bankshares entered into an underwriting agreement to offer $250 million of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036 at par. The offering, underwritten by Keefe, Bruyette & Woods and Piper Sandler as representatives of the underwriters, is expected to close on or about July 30, 2026, subject to customary conditions. The company plans to use net proceeds to redeem $168.0 million of its 4.25% subordinated notes due 2029 and for general corporate purposes, including supporting Atlantic Union Bank’s growth.
Agreement details:
- Agreement type: Underwriting agreement for $250 million 6.25% subordinated notes due 2036
- Counterparty: Keefe, Bruyette & Woods and Piper Sandler, as representatives of the underwriters
- Signed / Effective: Jul 27 2026 / same
- Duration / Termination: N/A
- Reason: Refinance 2029 notes and general corporate purposes
Original SEC Filing: Atlantic Union Bankshares Corp [ AUB ] - 8-K - Jul. 27, 2026