Amerant Bancorp Inc. priced a $50 million offering of senior notes due September 17, 2031, the company said in a filing Friday. The notes carry a coupon of 7.00% per annum, payable semi-annually on March 17 and September 17, with the first payment due March 17, 2027.
Raymond James & Associates acted as sole book-running manager for the offering, which is expected to close on September 15, 2026.
The notes are unsecured and unsubordinated, ranking equally with the company's other existing and future unsecured and unsubordinated indebtedness, and senior in right of payment to all subordinated obligations. The offering was registered with the Securities and Exchange Commission under an automatic shelf registration statement on Form S-3ASR, filed June 12, 2026.
Proceeds will be used for general corporate purposes, including working capital, providing capital to support the organic growth of wholly owned subsidiary Amerant Bank, N.A., repaying outstanding indebtedness, and repurchasing Class A common stock under the company's share repurchase program.
Amerant Bancorp, headquartered in Coral Gables, Florida, operates Amerant Bank, N.A., which runs a network of 23 banking centers across the state. The company trades on the New York Stock Exchange under the ticker AMTB.
