secwatch.observer — SEC 8-K summary
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Issuer:     C & F FINANCIAL CORP (CFFI)
CIK:        0000913341
Form:       8-K
Filed at:   2025-06-06T23:59:59+00:00
Accession:  0000913341-25-000042
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 8.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

C&F Financial issues $40M 7.5% sub notes due 2035, repurchases $20M 4.875% notes
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- Sold $40M aggregate principal of 7.50% fixed-to-floating subordinated notes due June 30, 2035.
- Notes reset to 3-month SOFR + 388.5 bps after June 30, 2030; redeemable at company's option.
- Concurrently repurchased $20M of 4.875% subordinated notes due 2030 at 100% of principal plus accrued.
- Proceeds to refinance existing sub debt and support general corporate purposes.
- Notes structured as Tier 2 capital for regulatory purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913341/000091334125000042/0000913341-25-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913341/000091334125000042/cffi-20250606x8k.htm
  HTML page:      https://secwatch.observer/filing/0000913341-25-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer