Equity Bancshares Inc. has successfully completed a $75 million offering of 7.125% Fixed-to-Floating Rate Subordinated Notes due 2035. This transaction, finalized on July 17, 2025, involved Subordinated Note Purchase Agreements with qualified institutional buyers and accredited investors. Conducted as a private placement, the offering was exempt from registration under the Securities Act of 1933. The proceeds are intended for general corporate purposes, including debt repayment. The Notes, issued under an Indenture with UMB Bank, N.A. as trustee, mature on August 1, 2035, and are subordinate to the company's senior indebtedness. Additionally, a Registration Rights Agreement was established, mandating an exchange offer for registered subordinated notes. Failure to comply may result in additional interest obligations for Equity Bancshares.
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