Renasant prices $300M subordinated notes with 6.25% fixed-to-floating rate due 2036

Renasant Corporation announced the pricing of $300 million in subordinated notes due 2036, featuring a 6.25% fixed interest rate until 2031, then switching to a floating rate tied to SOFR plus 245 basis points. The notes qualify as Tier 2 capital and proceeds will support general corporate needs, including redeeming existing notes. The offering is expected to close on May 7, 2026, and is managed by Keefe, Bruyette & Woods and others. This move strengthens Renasant's capital base and financial flexibility for future growth.