Amerant Bancorp closes $50 million 7.00% senior notes offering, taps Raymond James as sole bookrunner
A $50 million registered offering of 7.00% Senior Notes due 2031 has closed at Amerant Bancorp Inc. (NYSE: AMTB), completing a deal the Coral Gables bank holding company had previously announced. The company confirmed…
Key takeaways
- Amerant Bancorp Inc. (NYSE: AMTB) closed a $50 million registered offering of 7.00% Senior Notes due 2031, with the closing confirmed in an 8-K filing dated September 17, 2026.
- Raymond James & Associates, Inc. acted as sole book-running manager for the offering.
- The notes carry a fixed 7.00% annual coupon payable semi-annually on March 17 and September 17, are unsecured and unsubordinated, and mature on September 17, 2031.
- Amerant intends to use net proceeds for general corporate purposes, listing working capital, growth capital for Amerant Bank, N.A., debt repayment, and Class A common stock repurchases as possible conditional uses.
- The offering was made under an automatic shelf registration statement on Form S-3ASR (File No. 333-296741), filed with the SEC on June 12, 2026.
A $50 million registered offering of 7.00% Senior Notes due 2031 has closed at Amerant Bancorp Inc. (NYSE: AMTB), completing a deal the Coral Gables bank holding company had previously announced. The company confirmed the closing in an 8-K material definitive agreement filing dated September 17, 2026, with Raymond James & Associates, Inc. acting as sole book-running manager. The next dated milestone in the record is the first semi-annual coupon payment on March 17, 2027.
The notes carry a fixed coupon of 7.00% per annum, payable semi-annually on March 17 and September 17 of each year, and mature on September 17, 2031. They are unsecured and unsubordinated, ranking equally among themselves and with all of the company's other existing and future unsecured and unsubordinated indebtedness. The notes are senior in right of payment to all existing and future subordinated debt at the holding company level.
The offering was made under an automatic shelf registration statement on Form S-3ASR (File No. 333-296741), filed with the SEC on June 12, 2026 and effective immediately upon filing. A final prospectus supplement and accompanying prospectus have been filed with the SEC and are available through Raymond James at 880 Carillon Parkway, Tower 3, St. Petersburg, Florida 33716, or at www.sec.gov.
Amerant said it intends to apply net proceeds to general corporate purposes. The company identified four possible uses: working capital, capital to support organic growth at wholly-owned subsidiary Amerant Bank, N.A., repayment of outstanding indebtedness, and repurchases of Class A common stock under its existing buyback program. The conditionality is Amerant's own; each use was presented as a possibility in the filing.
The raise adds a five-year fixed-rate funding leg at 7.00% annually. Management kept the capital allocation open, with each stated use framed conditionally rather than as a commitment.
Akerman LLP represented Amerant on the transaction; Alston & Bird LLP advised Raymond James. Amerant has been headquartered in Coral Gables since 1979 and operates through Amerant Bank, N.A., in continuous operation for over 45 years, and Amerant Investments, Inc. The bank provides deposit, credit, and wealth management services across 23 banking centers: 21 in South Florida and 2 in Tampa.
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