Company: AX
Filing Date: 2025-09-16
Form Type: 424B5
Source: 0001299709-25-000147
Chunk: 24

Company: Axos Financial, Inc.
Filing Date: 2025-09-16
Form: 424B5
Chunk 24
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 to use the net proceeds of this offering of the Notes to redeem the 2030 Notes on October 1, 2025, the precise amounts and timing of our use of the net proceeds will depend upon a number of factors, including our and our subsidiaries’ funding requirements, and the availability of other funds.

The 2030 Notes currently bear interest at a fixed rate of 4.875% per year to, but excluding, October 1, 2025. On October 1, 2025, the 2030 Notes will bear interest at a floating rate per annum equal to a benchmark rate, which is currently Three-Month Term SOFR (as defined in the indenture governing the 2030 Notes, as supplemented (the “2016 Indenture”)) plus a spread of 476 basis points, payable quarterly in arrears on April 1, July 1, October 1 and January 1 of each year. The 2030 Notes are scheduled to mature on November 15, 2030. Prior to October 1, 2025, we may redeem the 2030 Notes, in whole but not in part, only under certain limited circumstances set forth in the 2016 Indenture. On or after October 1, 2025, we may elect to early redeem the 2030 Notes, in whole or in part, on any future interest payment date (i.e., on April 1, July 1, October 1 and January 1 of each year until the maturity date) at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest, if any, to, but excluding, the redemption date, subject to regulatory approval to the extent such regulatory approval is then required.

We submitted a conditional notice of redemption of all of the outstanding 2030 Notes to the trustee of the 2030 Notes, which the trustee provided to the holders in accordance with the terms of the indenture and indenture supplement for the 2030 Notes on August 29, 2025 (the “2020 Note Redemption Notice”), conditioned in part on the raising of sufficient funds (including, without limitation, through the sale of the Notes described in this prospectus supplement) to pay the redemption price for the 2030 Notes. Nothing contained in this prospectus supplement constitutes a notice of redemption of the 2030 Notes, and this prospectus supplement is not an offer to purchase or a solicitation of an offer to sell the