Amerant Bancorp Inc. completed a registered public offering of $50 million aggregate principal amount of 7.00% Senior Notes due September 17, 2031, on September 17, 2026. The company received net proceeds of approximately $48.4 million after deducting underwriting discounts and expenses. Raymond James & Associates, Inc. served as the sole book-running manager for the transaction. The notes are unsecured, unsubordinated, and bear interest payable semi-annually in arrears on March 17 and September 17 of each year, commencing March 17, 2027. Amerant Bancorp intends to use the net proceeds for general corporate purposes, including working capital, supporting organic growth at its subsidiary Amerant Bank, N.A., repaying outstanding indebtedness, or repurchasing shares under its stock repurchase program. Amerant Bancorp Inc. is a bank holding company that provides deposit, credit, and wealth management services through its banking subsidiaries in Florida.
