Loan & DebtMay 19, 2026, 04:42 PM
Pinnacle Financial completes $750M senior notes offering
AI Summary
Pinnacle Financial Partners, Inc. completed its previously announced public offering of $750 million aggregate principal amount of 5.596% Fixed Rate / Floating Rate Senior Notes due 2032. The notes will bear a fixed interest rate of 5.596% annually until May 2031, then transition to a floating rate based on the Secured Overnight Financing Rate (SOFR) plus 1.70% until maturity in May 2032. This financing was registered under the company's shelf registration statement.
Key Highlights
- Completed public offering of $750 million aggregate principal amount of senior notes.
- Notes due May 19, 2032.
- Fixed interest rate of 5.596% per annum from May 2026 to May 2031.
- Floating interest rate of SOFR + 1.70% from May 2031 to May 2032.
- Fixed rate interest payable semi-annually; floating rate payable quarterly.
Price Impact
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