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Atlantic Union to offer $200M fixed-to-floating subordinated notes, plans partial 2029 note redemption

Atlantic Union filed a preliminary prospectus supplement to offer $200 million of Fixed-to-Floating Rate Subordinated Notes due 2036.Key Highlights:Original SEC Filing: Atlantic Union Bankshares Corp [ AUB ] - 8-K - Jul. 27, 2026This is an AI-powered summary. It may contain inaccuracies. Consider v…

Atlantic Union filed a preliminary prospectus supplement to offer $200 million of Fixed-to-Floating Rate Subordinated Notes due 2036.

Key Highlights:

Proposed $200 million offering of 10-year fixed-to-floating subordinated notes due 2036 to be SEC-registered.
Planned use of proceeds includes redeeming $168.0 million aggregate principal of 4.25% subordinated notes due 2029 and general corporate purposes.
Kroll Bond Rating Agency assigned a BBB (Stable) expected rating; joint book-runners are Keefe, Bruyette & Woods and Piper Sandler.
Company provided an investor presentation (Exhibit 99.1) with Q2 2026 financials, capital, liquidity and portfolio metrics incorporated by reference.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.