Axos Financial, Inc. Fixed Income Investor Presentation
Preliminary Term Sheet
Issuer (Ticker)
Security
Current Security Rating (¹)
Offering Type
Term
Optional Redemption
Special Redemption
Coupon Frequency
Covenants
Use of Proceeds
Lead Book-Running Manager
Joint Book-Running Manager
Axos Financial, Inc. (AX)
Subordinated Notes due 2032
Baa3 by Moody's; BBB by Kroll Bond Rating Agency
SEC Registered
10 Years
Non-call for 5 years; callable on any interest payment date at par thereafter
Upon the occurrence of certain special events at par
Fixed rate for 5 years paid semi-annually; floating rate paid quarterly thereafter
Consistent with regulatory limitations of Tier 2 capital
General corporate purposes
axos
Keefe, Bruyette & Woods, A Stifel Company
Piper Sandler & Co.
Co-managers
D.A. Davidson & Co.; B. Riley Securities, Inc.; Wedbush Securities Inc.
(1) An explanation of the significance of ratings may be obtained from rating agency. Generally, rating agencies base their ratings on such material and
information, and such of their own investigations, studies and assumptions, as they deem appropriate. The rating of the subordinated notes should be
evaluated independently from similar ratings of other securities. A credit rating of a security is not a recommendation to buy, sell or hold securities and
may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency. No report of any rating agency is
incorporated by reference herein.
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