AMTB - Amerant Bancorp extends exchange offer for its 4.250% fixed-to-floating rate subordinated notes due 2032

Amerant Bancorp (NASDAQ:AMTB) extends the offer to exchange up to $30M aggregate principal amount of outstanding unregistered 4.25% fixed-to-floating rate subordinated notes due 2032 for new notes till June 21, 2022 in order to allow additional holders to tender in the exchange offer. The old notes were issued on March 9, 2022. As of June 16, 2022, $15,250,000 in principal amount of the outstanding old notes, representing 51% of the amount of old notes , had been validly tendered in exchange for an equal aggregate principal amount of the new notes.

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Amerant Bancorp extends exchange offer for its 4.250% fixed-to-floating rate subordinated notes due 2032