Short answer
TEXAS CAPITAL BANCSHARES INC/TX (TCBI) filed an 8-K current report with the SEC on February 27, 2026 reporting Item 8.01 (Other Events), Item 1.01 (Entry into a Material Definitive Agreement). Filing signed by CFO J. Matthew Scurlock on February 27, 2026, satisfying SEC reporting requirements.
TEXAS CAPITAL BANCSHARES INC/TX 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- Filing signed by CFO J. Matthew Scurlock on February 27, 2026, satisfying SEC reporting requirements
- No material agreement terms, counterparty details, or financial obligations disclosed in the provided text
Item 8.01 · Other Events
- $400M senior notes issued at 5.301% fixed rate, maturing Feb 27, 2032; net proceeds $398.4M after underwriting discount
- Rate structure: fixed 5.301% through Feb 2031, then switches to floating SOFR + 1.94% for final year
- Proceeds earmarked primarily to redeem existing 4.000% Subordinated Notes due 2031: debt refinancing at higher cost
- Refinancing from subordinated to senior debt changes creditor priority; existing subordinated noteholders face early redemption risk
- Underwriters: Goldman Sachs, Morgan Stanley, and TCBI's own broker-dealer Texas Capital Securities
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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