Atlantic Union Bankshares Corp (AUB): Entry into a Material Definitive Agreement
Atlantic Union Bankshares Corp (AUB) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-1.1 2 tm2621299d2_ex1-1.htm EXHIBIT 1.1 Exhibit 1.1 $250,000,000.00 6.25% Fixed-to-Floating Rate Subordinated Notes due August 1, 2036 Atlantic Union Bankshares Corporation UNDERWRITING AGREEMENT July 27, 2026 KEEFE, BRUYETTE & WOODS, INC. PIPER SANDLER & CO. c/o KEEFE, BRUYET
How this was made
The 30-second read
Why it matters
Subordinated notes change the issuer’s capital structure and can influence regulatory capital optics and perceived leverage, which traders may reprice quickly once final terms are known.
Market read
AUB disclosed a new $250 million subordinated debt issuance agreement, a concrete capital markets catalyst that can move bank funding and equity sentiment.
What to watch
Final pricing, call features, and the floating-rate index/spread are not shown in the excerpt; those details often drive the real market reaction.
Background
The 8-K Item 1.01 reports entry into a material definitive agreement tied to an underwriting agreement for $250 million of 6.25% fixed-to-floating rate subordinated notes due 2036.
Ticker impact
Atlantic Union Bankshares entered a material definitive agreement for a $250 million 6.25% fixed-to-floating subordinated notes issuance due Aug. 1, 2036.
Likely modest near-term volatility around capital-structure expectations; direction depends on final pricing and perceived balance-sheet impact.
An 8-K for a debt underwriting agreement is a primary, time-sensitive capital markets event, but the excerpt does not provide coupon reset terms beyond 6.25% fixed-to-floating or final offering yield, limiting precision on equity impact.
Market effects
Bank capital markets activity can influence sector read-through on funding conditions and investor appetite for bank subordinated debt.
Limited direct regional impact indicated; this is a single-bank capital raise disclosure.
Subordinated bank debt is globally correlated to rates and credit spreads, but the article provides no cross-border details.
Counterpoint
The issuance may be routine refinancing or capital optimization rather than stress, so equity impact could be muted if terms are competitive.
Key entities
- issuerAtlantic Union Bankshares Corporation
Subject of the 8-K, issuing $250 million subordinated notes due Aug. 1, 2036.
- underwriterKeefe, Bruyette & Woods, Inc.
Underwriting representative for the notes offering.
- underwriterPiper Sandler & Co.
Underwriting representative for the notes offering.
- trusteeU.S. Bank Trust Company, National Association
Trustee under the subordinated indenture referenced in the agreement.
