8-K - Stellar Bancorp, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Stellar Bancorp, Inc. redeemed all of its outstanding $30.0 million in 4.70% Fixed-to-Floating Rate Subordinated Notes due 2029 on April 1, 2026, at par value plus accrued interest.

Key Takeaways

1The company redeemed the remaining $30.0 million principal amount of its 4.70% subordinated notes due 2029.

2The redemption occurred on April 1, 2026, at 100% of principal plus accrued and unpaid interest.

3This action resulted in the full redemption of all outstanding notes of this series.

4The redemption eliminates future interest payments on this specific debt obligation.

Current Report Details

Event Type

Regulation Fd

Exhibits Only

Disclosure

Voluntary

Variant

8-K

Items Reported

7.01

shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and such information shall

Regulation Fd

9.01

Financial Statements and Exhibits. The following are furnished as exhibits to this Current Report on Form 8-K Exhibit Number: 104 | Description of Exhibit: Cove

Exhibits Only

Transaction Details

Debt / Financing

Instrument: 4.70% Fixed-to-Floating Rate Subordinated Notes due 2029
Principal: 30
Rate: 4.70%
Maturity: 2029

Exhibits (1)

8-K