South Plains Financial Inc. has announced the full redemption of its $50 million 4.50% Fixed to Floating Rate Subordinated Notes due 2030. The redemption took place on September 30, 2025, at a price equal to 100% of the principal amount, plus any accrued and unpaid interest up to but excluding the redemption date. The company received regulatory approval for the move in August and completed the transaction in accordance with the terms outlined in the original 2020 indenture agreement.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. South Plains Financial Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-037396), on October 06, 2025, and is solely responsible for the information contained therein.