UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):  November 23, 2015

LEGACYTEXAS FINANCIAL GROUP, INC.

(Exact name of registrant as specified in its Charter)

Registrant’s Telephone Number, Including Area Code: (972) 578-5000

N/A

Former Name or Former Address, if Changed Since Last Report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01.  Entry into a Material Definitive Agreement.

On November 23, 2015, LegacyTexas Financial Group, Inc. (the “Company”) completed the issuance and sale (the “Offering”) of $75,000,000 aggregate principal amount of its 5.50% Fixed-to-Floating Rate Subordinated Notes due December 1, 2025 (the “Notes”).  The Offering was completed pursuant to the Prospectus, filed with the Securities and Exchange Commission as part of the Company’s Registration Statement on Form S-3 (File Number: 333-208026) (the “Registration Statement”), dated November 16, 2015, as supplemented by a prospectus supplement in preliminary form dated November 16, 2015 and in final form dated November 18, 2015 and a free writing prospectus filed on November 18, 2015.  In connection with the Offering, the Company entered into an Underwriting Agreement, dated November 18, 2015 (the “Underwriting Agreement”), with Sandler O’Neill + Partners, L.P. and U.S. Bancorp Investments, Inc.  The Notes were sold at an underwriting discount of 1.50%, resulting in net proceeds of approximately $73,875,000 before deducting expenses of the Offering.  The Company intends to use the net proceeds from the Offering for general corporate purposes, potential strategic acquisitions and investments in LegacyTexas Bank as regulatory capital.

The Notes were issued under the Indenture, dated as of November 23, 2015 (the “Base Indenture”), as supplemented by the First Supplemental Indenture, dated as of November 23, 2015 (the “Supplemental Indenture,” and together with the Base Indenture, the “Indenture”), between the Company and U.S. Bank National Association, as trustee.  The Notes have an initial fixed interest rate of 5.50%, payable semi-annually.  Commencing December 1, 2020, the interest rate on the Notes resets quarterly to an annual interest rate equal to the then-current three-month LIBOR plus 389 basis points, payable quarterly in arrears.  The Notes will mature on December 1, 2025.

The underwriters have in the past provided, and may in the future provide, investment banking and advisory services to the Company and its affiliates in the ordinary course of business, for which they have received, or may receive, compensation for such services.

In addition, from time to time, certain of the underwriters and their affiliates may effect transactions for their own account or the account of customers, including serving as counterparties to certain derivative and hedging arrangements and actively trade debt and equity securities (or related derivative securities) and financial instruments (including bank loans) for their own account and for the accounts of their customers.  Such investments and securities activities may involve securities and/or instruments of the Company or its affiliates.  If any of the underwriters or their affiliates has a lending relationship with the Company, they may hedge their credit exposure to us consistent with their customary risk management policies.  The underwriters and their affiliates may also make investment recommendations and/or publish or express independent research views in respect of securities or financial instruments of the Company or its affiliates and may hold, or recommend to clients that they acquire, long and/or short positions in such securities and instruments.

The foregoing summary of the terms of the Underwriting Agreement and the Notes does not purport to be complete and is subject to, and qualified in its entirety by, the full text of (i) the Underwriting Agreement, (ii) the Base Indenture, (iii) the Supplemental Indenture and (iv) the

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form of the Notes, each of which is attached hereto as exhibits and is incorporated herein by reference.

Item 2.03.  Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information in Item 1.01 above is incorporated by reference into this Item 2.03.

Item 8.01.  Other Events.

This Current Report on Form 8-K is being filed, in part, for the purpose of filing the documents attached as exhibits hereto as exhibits to the Registration Statement in connection with the issuance of the Notes in the Offering, and such exhibits are hereby incorporated by reference into the Registration Statement.

Item 9.01.  Financial Statements and Exhibits.

(d) Exhibits.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

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EXHIBIT INDEX

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