Axos Financial, Inc. Announces Issuance of $200 Million of Subordinated Notes

Core Viewpoint - Axos Financial, Inc. has announced a public offering of $200 million in subordinated notes with a fixed-to-floating interest rate structure, indicating a strategic move to raise capital for its operations [1] Group 1: Company Overview - Axos Financial, Inc. is the holding company for Axos Bank, Axos Clearing LLC, and Axos Invest, Inc. [1] - The company is publicly traded on the NYSE under the ticker symbol AX [1] Group 2: Financial Details - The public offering consists of $200 million in aggregate principal amount of 7.00% Fixed-to-Floating Rate Subordinated Notes due in 2035 [1] - The Notes will have an interest rate of 7.00% per year, with interest payments made semi-annually on April 1 and October 1, starting from April 1, 2024 [1]