EverBank Unveils Pricing for $200 Million Subordinated Notes Offering Due 2035

EverBank Announces Pricing Details for Subordinated Notes Offering

In recent financial news, EverBank Financial Corp, a prominent financial holding company, revealed the pricing of its latest offering of subordinated notes. The offering, which totals a noteworthy $200 million, consists of fixed-to-floating rate subordinated notes set to mature in 2035. This strategic move is poised to bolster the company's growth and underpin its ongoing commitment to providing high-quality banking services.

Details of the Offering

The subordinated notes, which carry a competitive interest rate of 7.500%, were priced at par. This indicates strong market interest and positions EverBank favorably for future endeavors. The company plans to utilize the net proceeds from this offering not only to support its expansion initiatives but also for general corporate purposes, ensuring that it remains competitive within the financial sector.

The offering is expected to finalize on August 12, 2025, contingent upon the usual closing conditions, and reflects EverBank's confidence in its operational strategies and market position.

Regulatory Considerations

It's important to note that these subordinated notes have not been registered under the U.S. Securities Act of 1933, nor will they be in compliance with any state securities laws. Consequently, they cannot be offered or sold in the United States without appropriate registration or a qualifying exemption. To ensure compliance, the offering is being directed specifically at qualified institutional buyers and accredited investors, both domestically and internationally.

Forward-Looking Statements

As with any major financial undertaking, there are inherent risks and uncertainties associated with forward-looking statements. EverBank has been careful to outline that actual results may significantly differ from projected outcomes. The management has stated clearly that they do not intend to update any forward-looking statements unless necessary due to new information or developments that might impact the company's future.

About EverBank

EverBank Financial Corp operates primarily through its wholly owned subsidiary, EverBank, N.A. Known as a trailblazer in the online banking sector, EverBank offers a variety of high-value financial products and services that cater to both commercial and individual clients across the nation. The company prides itself on providing round-the-clock digital banking services, robust customer service, and a network of financial centers located in Florida, California, and one in New York. Furthermore, EverBank's commitment to delivering high-performing financial solutions ensures its clients can maximize their financial potential.

Whether you are an investor seeking opportunities in the financial markets or a consumer looking for reliable banking solutions, EverBank is dedicated to providing the services you expect and deserve. With solid customer service and innovative financial strategies, EverBank continues to make a significant mark on the industry.

As this exciting new offering approaches its closing date, stakeholders and interested parties will be keen to observe the next chapter in EverBank's growth journey and its impact on the financial landscape.