Amerant Bancorp Inc. Announces Extension of Exchange Offer for Its 4.250% Fixed-to-Floating Rate Subordinated Notes Due 2032

CORAL GABLES, Fla., June 17, 2022 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (the “Company”) today announced that it is extending to 5:00 p.m. New York City Time on June 21, 2022, its offer to exchange up to $30,000,000 aggregate principal amount of outstanding unregistered 4.25% Fixed-to-Floating Rate Subordinated Notes due 2032 (the “Old Notes”) for an equal principal amount of its 4.25% Fixed-to-Floating Rate Subordinated Notes due 2032 (the “New Notes”) that have been registered under the Securities Act of 1933 (the “Act”) in order to allow additional holders to tender in the exchange offer. Except for the extension of the expiration date, all of the terms of the exchange offer remain as set forth in the Company’s prospectus, dated May 16, 2022.

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