Financing ·
Atlantic Union Bankshares Corporation completed an underwritten public offering of $250 million in aggregate principal…
AUB-PAAtlantic Union Bankshares Corp
Atlantic Union Bankshares Corporation completed an underwritten public offering of $250 million in aggregate principal amount of its 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036 on July 30, 2026. The unsecured notes mature on August 1, 2036 and bear interest at a fixed rate of 6.25% per annum until August 1, 2031, after which the rate floats based on SOFR plus 213 basis points. The company operates in the banking industry.