Financing ·
Atlantic Union Bankshares Corporation entered into an underwriting agreement on July 27, 2026, to issue $250 million…
AUB-PAAtlantic Union Bankshares Corp
Atlantic Union Bankshares Corporation entered into an underwriting agreement on July 27, 2026, to issue $250 million in 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036 at 100% of par. The offering is expected to close around July 30, 2026. Net proceeds will be used to redeem $168.0 million of outstanding 4.25% Fixed-to-Floating Rate Subordinated Notes due 2029, plus accrued interest, with remaining funds allocated for general corporate purposes and capital support for Atlantic Union Bank. A conditional redemption notice has been delivered for the 2029 Notes, contingent on the successful completion of the new debt offering. Atlantic Union Bankshares Corporation operates in the banking industry, providing financial services through its subsidiary bank.