By Cristal Cody
Tupelo, Miss., June 26 – EverBank Financial Corp. sold $175 million of 5.75% subordinated notes due July 2, 2025 at par on Friday, according to the company and a FWP filing with the Securities and Exchange Commission.
BofA Merrill Lynch, J.P. Morgan Securities LLC and UBS Securities LLC were the bookrunners.
The company intends to use the proceeds for general corporate purposes, which may include advances to subsidiaries to finance activities.
Jacksonville, Fla.-based EverBank Financial, through its wholly owned subsidiary EverBank, provides financial products and services.
| Issuer: | EverBank Financial Corp.
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| Amount: | $175 million
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| Maturity: | July 2, 2025
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| Securities: | Subordinated notes
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| Bookrunners: | BofA Merrill Lynch, J.P. Morgan Securities LLC and UBS Securities LLC
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| Co-manager: | Raymond James & Associates, Inc.
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| Coupon: | 5.75%
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| Price: | Par
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| Yield: | 5.75%
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| Call feature: | On or after the 30th day before maturity at par plus accrued and unpaid interest
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| Trade date: | June 26
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| Settlement date: | June 30
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| Ratings: | Kroll: BBB
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