Company: AX
Filing Date: 2025-09-16
Form Type: 424B5
Source: 0001299709-25-000147
Chunk: 15

Company: Axos Financial, Inc.
Filing Date: 2025-09-16
Form: 424B5
Chunk 15
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 then required, we may redeem the Notes in whole but not in part upon the occurrence of a Tax Event or a Tier 2 Capital Event (each as defined under “ Description of Notes ”) or if we are required to register as an investment company pursuant to the 1940 Act. In the event that we redeem the Notes, holders of the Notes will receive only the principal amount of the Notes plus any accrued and unpaid interest to, but excluding, such earlier redemption date. If any redemption occurs, holders of the Notes will not have the opportunity to continue to accrue and be paid interest to the stated maturity date. Any such redemption may have the effect of reducing the income or return that you may receive on an investment in the Notes by reducing the term of the investment. If this occurs, you may not be able to reinvest the proceeds at an interest rate comparable to the rate paid on the Notes. See “ Description of Notes — Redemption. ”

The Notes have no mandatory redemption provisions and are not redeemable at the option of the holders of the Notes. Any decision we may make at any time to propose a redemption of the Notes will depend upon, among other things, our evaluation of our capital position, including for capital ratio purposes, the composition of our shareholders’ equity and general market conditions at that time.

If we are in default on our obligations to pay our Senior Indebtedness we will not be able to make payments on the Notes.

Our obligations under the Notes will be unsecured and will rank junior to the Senior Indebtedness, including without limitation the following, unless, by their specific terms, the obligation ranks equal with, or junior to, the Notes:

• all obligations in respect of our indebtedness for purchased or borrowed money, whether or not evidenced by securities, notes, debentures, bonds, debt securities or other similar instruments issued by us, including obligations incurred in connection with the acquisition of property, assets, or businesses;

• our capital lease obligations;

• our obligations issued or assumed as the deferred purchase price of property or services, our conditional sale obligations, and our obligations under any conditional sale or title retention agreement, but excluding trade accounts payable in the ordinary course of business;

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• our obligations arising from off-balance sheet guarantees and direct credit substitutes, including obligations in respect of any letters of credit, bankers’ acceptance, security purchase facilities and similar credit transactions (or reimbursement obligations with respect thereto);

• our obligations associated with derivative products, including