Company: AX
Filing Date: 2025-09-17
Form Type: 424B5
Source: 0001299709-25-000159
Chunk: 9

Company: Axos Financial, Inc.
Filing Date: 2025-09-17
Form: 424B5
Chunk 9
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 the date of earlier redemption, which we refer to as the “fixed rate period”, the Notes will bear interest at a rate of 7.00% per annum, payable semi-annually in arrears on April 1 and October 1 of each year, commencing on April 1, 2026. We refer to each such payment date as a “fixed rate interest payment date.” The last fixed rate interest payment date for the fixed rate period will be October 1, 2030. 
                                          During the period from and including October 1, 2030 to, but excluding, the Maturity Date or the date of earlier redemption, which we refer to as the “floating rate period,” the Notes will bear interest at a floating rate per annum equal to the Benchmark rate (which is expected to be Three-Month Term SOFR, described below) plus a spread of 379 basis points. For each quarterly interest period during the floating rate period, interest will be payable quarterly in arrears on January 1, April 1, July 1 and October 1 of each year, commencing on January 1, 2031. We refer to each such payment date as a “floating rate interest payment date” and, we refer to the floating rate interest payment dates and the fixed rate interest payment dates together as the “interest payment dates.” Notwithstanding the foregoing, if the Benchmark rate is less than zero, the Benchmark rate will be deemed to be zero. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               For each interest period during the floating rate period, “Three-Month Term SOFR” means the rate for “Term SOFR” for a tenor of three months that is published by the “Term SOFR Administrator” at the “Reference Time” for any interest period, as determined by the calculation agent after giving effect to the “Three-Month Term SOFR Conventions” (each as defined under “Description of Notes—Interest”). 
 If the calculation agent with respect to the Notes determines on or prior to the relevant Reference Time that a “Benchmark Transition Event” and its related “Benchmark Replacement Date” (each as defined under “Description of Notes”) have occurred with respect to Three-Month Term SOFR, then the provisions under “Description of Notes—Effect of Benchmark Transition Event,” which are referred to herein as the “Benchmark Transition Provisions,” will thereafter apply to all determinations of the interest rate on the Notes for each interest period during the floating rate period. In accordance with the Benchmark