Amerant Bancorp to Redeem 5.75% Senior Notes

By Tamara Parker • Saturday, March 08 15:22 • Permanent Link

Amerant Bancorp Inc. has announced its decision to redeem all outstanding 5.75% Senior Notes due 2025 on April 1, 2025. The redemption price for the notes is set at 100% of the principal amount of each note, along with accrued and unpaid interest. This means that the interest on the notes will cease to accrue after the redemption date.

The paying agent for the redemption is The Bank of New York Mellon, located at 240 Greenwich Street, New York, NY 10286. Holders of the notes are required to surrender them to the paying agent to collect the redemption price.

This redemption decision was made in accordance with the Supplemental Indenture, and the notice was signed by Sharymar Calderon, the SEVP & Chief Financial Officer of Amerant Bancorp Inc.

The announcement did not include specific figures or comparisons with the previous period, as it was focused on the details of the redemption process and the relevant dates and parties involved. Following these announcements, the company's shares moved -0.6%, and are now trading at a price of $21.58. Check out the company's full 8-K submission here.

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