Amerant Bancorp Announces Redemption of 5.75% Senior Notes

By Bobby Samwell • Sunday, March 09 15:21 • Permanent Link

Amerant Bancorp Inc. has announced the full redemption of its 5.75% Senior Notes due in 2025. The redemption date is set for April 1, 2025, and the redemption price is stated to be 100% of the principal amount of each Note being redeemed, along with accrued and unpaid interest.

The paying agent for the redemption is The Bank of New York Mellon, located at 240 Greenwich Street, New York, NY 10286. Note holders are required to surrender the Notes to the paying agent to collect the redemption price, and interest on the Notes will cease to accrue on and after the Redemption Date.

This notice comes from Sharymar Calderon, the SEVP & Chief Financial Officer of Amerant Bancorp Inc., and is dated March 3, 2025.

It's important to note that under U.S. federal tax laws, U.S. holders of the Notes may be subject to information reporting requirements and backup withholding unless exempt or providing the necessary information.

This redemption notice does not provide specific financial metrics or performance data, but it signals a significant financial event for Amerant Bancorp Inc., providing insight into their capital management and financial strategy. 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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