ENTERPRISE FINANCIAL SERVICES CORP (EFSC) Form 8-K — Jun 17, 2026
Enterprise Financial Services Corp completed the issuance and sale of $175 million aggregate principal amount of its 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036. The notes were sold under a registration statement on Form S-3, with net proceeds of approximately $172.8 million intended for general corporate purposes including repayment of indebtedness and organic growth. The notes bear interest at a fixed rate of 6.25% until July 1, 2031, after which the rate becomes floating based on Three-Month Term SOFR plus 232 basis points. The offering was managed by representatives Keefe, Bruyette & Woods, Inc.
Key figures
- Debt Amount
- 175000000
- Interest Rate
- 6.25%
- Maturity Date
- 2036-07-01
- Gross Proceeds
- approximately $172.8 million
- Fixed Rate Period
- until July 1, 2031
- Floating Rate Spread
- 232 basis points
- Underwriting Discount
- 1.25%
Price after filing
Close on the filing date to close N calendar days later (from $61.97). Historical, not a forecast.
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