Home BancShares to redeem subordinated fixed-to-floaters due 2027

By Wendy Van Sickle

Columbus, Ohio, March 15 – Home BancShares, Inc. will redeem its $300 million 5.625% fixed-to-floating rate subordinated notes due April 15, 2027, according to an 8-K filed with the Securities and Exchange Commission.

The notes will be redeemed at par plus accrued interest on April 15. The notes were set to convert to a floating rate of Libor plus 357.5 basis points, if not redeemed on that date.

Home BancShares is the Conway, Ark.-based bank holding company for Centennial Bank.

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