Company: RNST
Filing Date: 2025-04-04
Form Type: 8-K
Source: 0000715072-25-000123
Chunk: 1

Company: RENASANT CORP
Filing Date: 2025-04-04
Form: 8-K
Item: Item 2.03
Chunk 1
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Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

Upon consummation of the Mergers, Renasant assumed subordinated debentures and subordinated notes issued or assumed by The First in an aggregate principal amount of $133,786,000.

Trust Preferred Securities

The subordinated debentures and notes relating to issuances of trust preferred securities assumed by Renasant upon the consummation of the Mergers consist of the following:

•$4,100,000 of floating rate junior subordinated deferrable interest debentures issued to The First Bancshares Statutory Trust 2 (“ The First Trust 2”), due 2036. The First Trust 2 issued $4,000,000 of trust preferred securities to investors. Interest on the preferred securities is the three-month term Secured Overnight Financing Rate (“ SOFR”) plus 1.65% plus a tenor spread adjustment of 0.026161% and is payable quarterly. The preferred securities are redeemable by Renasant at its option.

•$6,200,000 of floating rate junior subordinated deferrable interest debentures issued to The First Bancshares Statutory Trust 3 (“ The First Trust 3”), due 2037. The First Trust 3 issued $6,000,000 of trust preferred securities to investors. Interest on the preferred securities is the three-month term SOFR plus 1.40% plus a tenor spread adjustment of 0.026161% and is payable quarterly. The preferred securities are redeemable by Renasant at its option.

•$6,186,000 aggregate principal amount of floating rate junior subordinated notes issued to FMB Capital Trust 1 (the “ FMB Trust”), due 2033 (such notes, the “ FMB Subordinated Notes”). The FMB Trust issued $6,000,000 of trust preferred securities to investors. Interest on the preferred securities is the three-month term SOFR plus 2.85% plus a tenor spread adjustment of 0.026161% and is payable quarterly. The preferred securities are redeemable by Renasant at its option.

•$10,300,000 aggregate principal amount of subordinated debentures issued to Liberty Shares Statutory Trust II (the “ Liberty Trust”), due 2036 (such debentures, the “ HSBI Subordinated Debentures”). The Liberty Trust issued $10,000,