Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an

Off-Balance Sheet Arrangement of a Registrant.

The disclosures below under 8.01 of this Current Report on Form 8-K are also responsive to Item 2.03 of this Current Report on Form 8-K and are hereby incorporated by reference into this Item 2.03.

Item 8.01 Other Events

Pursuant to the previously announced offering of $200,000,000 aggregate principal amount of 5.750% Fixed-to-Floating Rate Subordinated Notes due 2030 (the "Notes") to be issued by CenterState Bank Corporation (the "Company"), the Company and U.S. Bank National Association, as trustee entered into an Indenture dated as of May 29, 2020 (the "Base Indenture") and a First Supplemental Indenture dated as of May 29, 2020 to the Base Indenture (the "Supplemental Indenture" and, together with the Base Indenture, the "Indenture"), providing for the issuance of the Notes.

The Notes initially shall bear interest at an initial rate of 5.750% per annum, payable semiannually in arrears on June 1 and December 1 of each year, commencing on December 1, 2020. The last interest payment date for the fixed rate period will be June 1, 2025. From and including June 1, 2025 to, but excluding, June 1, 2030 or the date of earlier redemption, the Notes will bear interest at a floating rate per annum equal to the Benchmark rate (which is expected to be Three-Month Term SOFR), each as defined in and subject to the provisions of the Indenture, plus 561.7 basis points, payable quarterly in arrears on March 1, June 1, September 1 and December 1 of each year, commencing on June 1, 2025. Notwithstanding the foregoing, in the event that the Benchmark rate is less than zero, the Benchmark rate shall be deemed to be zero.

The Company may redeem the Notes at such times and at the redemption prices as provided for in the Indenture.

The Base Indenture and the Supplemental Indenture (including the form of Notes) are filed as Exhibits 4.1 and 4.2 to this Current Report on Form 8-K, respectively, and are incorporated herein by reference.

The above-mentioned offering was made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-238144) filed by the Company. Opinions of counsel for the Company are filed as Exhibits 5.1 and 5.2 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits




  (d) Exhibits:



  Exhibit 4.1         Indenture dated as of May 29, 2020, between CenterState Bank
                    Corporation and U.S. Bank National Association, as Trustee.

  Exhibit 4.2         First Supplemental Indenture dated as of May 29, 2020, between
                    CenterState Bank Corporation and U.S. Bank National Association,
                    as Trustee.

  Exhibit 5.1         Opinion of Davis Polk & Wardwell LLP.

  Exhibit 5.2         Opinion of Beth S. DeSimone, Esq.

  Exhibit 23.1        Consent of Davis Polk & Wardwell LLP (included in Exhibit
                    5.1).

  Exhibit 23.2        Consent of Beth S. DeSimone, Esq. (included in Exhibit 5.2).

  Exhibit 104       Cover Page Interactive Data File (embedded within the Inline XBRL
                    document)

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