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SmartFinancial, Inc. Announces Extension of Exchange Offer for 7.25% Fixed-to-Floating Rate Subordinated Notes due 2035
KNOXVILLE, Tenn., January 05, 2026--SmartFinancial, Inc. (NYSE: SMBK) ("SmartFinancial") announced today that it has extended its registered exchange offer to exchange up to $100.0 million aggregate principal amount of 7.25% Fixed-to-Floating Rate Subordinated Notes due 2035 that have been registered under the Securities Act of 1933, as amended, for any and all outstanding unregistered 7.25% Fixed-to-Floating Rate Subordinated Notes due 2035, which were issued in a private placement on August 20
About this update from Smartfinancial, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1543,"height":600,"url":"https://media.zenfs.com/en/business-wire.com/a472a1cf7d753f824ee60b4b1923a47c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Ku7AHbra_tPJiPWMVzEKnA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTM3MztjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/a472a1cf7d753f824ee60b4b1923a47c","width":960,"height":373},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/VbfIkk8MAyIIGb605o2A0Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD05MzQ7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/a472a1cf7d753f824ee60b4b1923a47c","width":1200,"height":467}},"lazy":false},{"type":"text","content":"KNOXVILLE, Tenn., January 05, 2026--(BUSINESS WIRE)--SmartFinancial, Inc. (NYSE: SMBK) ("SmartFinancial") announced today that it has extended its registered exchange offer to exchange up to $100.0 million aggregate principal amount of 7.25% Fixed-to-Floating Rate Subordinated Notes due 2035 that have been registered under the Securities Act of 1933, as amended, for any and all outstanding unregistered 7.25% Fixed-to-Floating Rate Subordinated Notes due 2035, which were issued in a private placement on August 20, 2025.","length":534,"tagName":"p"},{"type":"text","content":"The exchange offer, which had been scheduled to expire at 5:00 p.m., New York City time, on January 2, 2026, will now expire at 5:00 p.m., New York City time, on January 9, 2026, unless further extended by SmartFinancial. All other terms, provisions and conditions of the exchange offer will remain in full force and effect. As of January 2, 2026, $82.5 million aggregate principal amount of the outstanding notes have been tendered for exchange, representing 82.5% of the outstanding notes.","length":491,"tagName":"p"},{"type":"text","content":"The terms of the exchange offer are set forth in a prospectus dated December 3, 2025, and the related letter of transmittal. Requests for assistance or for copies of documents related to the exchange offer, including the prospectus and the letter of transmittal, should be directed to the exchange agent, U.S. Bank Trust Company, National Association, at (800) 934-6802.","length":370,"tagName":"p"},{"type":"text","content":"This news release is not an offer to buy or sell or the solicit...