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AI brief of an SEC Form 8-K · Axos Financial (AX)

Axos Financial completes $200 million 7.00% subordinated notes due 2035 sale

Neutral Impact 3 of 5 financing Written later

Axos Financial, Inc. completed the sale of $200 million in 7.00% fixed-to-floating rate subordinated notes due 2035 on September 19, 2025. The notes carry a fixed 7.00% rate until October 1, 2030, then a floating rate of Three-Month Term SOFR plus 379 basis points, and they rank junior to the company's senior indebtedness.

Key points

  • Principal amount: $200 million, sold through Keefe, Bruyette & Woods, Inc. as underwriting representative
  • Fixed 7.00% interest, payable semi-annually from April 1, 2026, until October 1, 2030
  • Floating rate of Three-Month Term SOFR plus 379 basis points from October 1, 2030 to maturity on October 1, 2035
  • Notes are unsecured and subordinated, redeemable at 100% of principal from October 1, 2030

The filing

CompanyAxos Financial (AX)
Form8-K, current report
Filed with the SECSep 19, 2025, 10:35 AM ET
Accession number0001299709-25-000162

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 19, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.