# Atlantic Union Bankshares Corp (AUB-PA) — capital_raise/public_offering [pending]
Source: SEC API (secapi.ai) · situation sit_0051e19649912e89f6e1 · retrieved 2026-08-11T15:54:33.934Z

## Overview
Atlantic Union Bankshares Corporation is a Virginia-incorporated bank holding company that operates Atlantic Union Bank and provides banking services.

Atlantic Union Bankshares Corporation completed an underwritten public offering of $250 million in aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due August 1, 2036, on July 30, 2026. The Notes bear interest at a fixed rate of 6.25% per annum, payable semi-annually, from July 30, 2026 through August 1, 2031, and thereafter at a floating rate equal to Three-Month Term SOFR plus 213 basis points, payable quarterly. The Notes are unsecured, subordinated debt obligations and are intended to qualify as Tier 2 capital for regulatory purposes. The Company may redeem the Notes beginning August 1, 2031, or earlier in whole (but not in part) upon the occurrence of certain tax, regulatory capital, or investment company events, subject to Federal Reserve Board approval.

## Terms
- Counterparty: Keefe, Bruyette & Woods, Inc. and Piper Sandler & Co. · Deal value: $250.0M · Consideration: cash

## Key dates
- Announced 2026-07-27 · Expected close 2026-07-30

## Timeline
- 2026-07-27 · 8-K (0001104659-26-086873): 8-K - Atlantic Union Bankshares Corp — *Atlantic Union Bankshares Corporation is the largest regional bank headquartered in the lower Mid-Atlantic region with $38.1 billion in assets, $28.7 billion in loans, and $30.5 billion in deposits as of June 30, 2026, operating 177 branches across Virginia, Maryland, North Carolina, and Washington D.C.* Atlantic Union Bankshares Corporation filed a preliminary prospectus supplement on July 27, 2026 for a proposed offering of $200 million in Fixed-to-Floating Rate Subordinated Notes due 2036. The company intends to use proceeds to redeem $168.0 million aggregate principal amount of its outstanding 4.25% Fixed-to-Floating Rate Subordinated Notes due 2029 and for general corporate purposes, including providing capital to Atlantic Union Bank to support its growth. The notes are expected to receive a BBB rating from Kroll Bond Rating Agency with a stable outlook. The offering has a 10-year term with a 5-year call feature.
  https://www.sec.gov/Archives/edgar/data/883948/0001104659-26-086873.txt
- 2026-07-27 · 8-K (0001104659-26-087206): 8-K - Atlantic Union Bankshares Corp — *Atlantic Union Bankshares Corporation is a Virginia-incorporated bank holding company and financial holding company that owns Atlantic Union Bank, a state-chartered bank.* Atlantic Union Bankshares Corporation entered into an underwriting agreement on July 27, 2026 with Keefe, Bruyette & Woods, Inc. and Piper Sandler & Co. to issue $250 million aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due August 1, 2036 at a public offering price of 100.00% of par. The offering is expected to close on or about July 30, 2026, subject to customary closing conditions. The Company intends to use net proceeds to repay $168.0 million of its outstanding 4.25% Fixed-to-Floating Rate Subordinated Notes due 2029, plus accrued interest, and for general corporate purposes, including providing capital to Atlantic Union Bank to support its growth.
  https://www.sec.gov/Archives/edgar/data/883948/0001104659-26-087206.txt
- 2026-07-30 · 8-K (0001104659-26-088743): 8-K - Atlantic Union Bankshares Corp — *Atlantic Union Bankshares Corporation is a Virginia-incorporated bank holding company that operates Atlantic Union Bank and provides banking services.* Atlantic Union Bankshares Corporation completed an underwritten public offering of $250 million in aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due August 1, 2036, on July 30, 2026. The Notes bear interest at a fixed rate of 6.25% per annum, payable semi-annually, from July 30, 2026 through August 1, 2031, and thereafter at a floating rate equal to Three-Month Term SOFR plus 213 basis points, payable quarterly. The Notes are unsecured, subordinated debt obligations and are intended to qualify as Tier 2 capital for regulatory purposes. The Company may redeem the Notes beginning August 1, 2031, or earlier in whole (but not in part) upon the occurrence of certain tax, regulatory capital, or investment company events, subject to Federal Reserve Board approval.
  https://www.sec.gov/Archives/edgar/data/883948/0001104659-26-088743.txt

## Citations
- 0001104659-26-086873 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926086873
- 0001104659-26-087206 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926087206
- 0001104659-26-088743 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926088743