{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-087106","form_type":"8-K","ticker":null,"cik":"0001118004","company_name":"BANCPLUS CORP","filed_at":"2025-06-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.572986+00:00","generated_at":"2026-05-19T04:13:36.847935+00:00","sec_items":["1.01","8.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"BancPlus enters $30M term loan to redeem $60M subordinated notes","bullets":["Borrowed $30M term loan from First Horizon Bank at prime minus 0.55% (floor 4.00%), maturing June 15, 2030.","Loan collateralized by all outstanding shares of BankPlus common stock under Pledge Agreement.","Proceeds plus cash used to redeem $60M of 6.000% Fixed-to-Floating Subordinated Notes on June 16, 2025.","Quarterly principal payments of $750k starting September 15, 2025; prepayment permitted without penalty.","Financial covenants include Tier 1 Leverage Ratio ≥8.00%, ROAA ≥0.75%, loan-to-value ≤40%."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-087106","json":"https://secwatch.observer/filing/0000950170-25-087106.json","markdown":"https://secwatch.observer/filing/0000950170-25-087106.md","text":"https://secwatch.observer/filing/0000950170-25-087106.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1118004/000095017025087106/0000950170-25-087106-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1118004/000095017025087106/ck0001118004-20250613.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T04:13:36.847935+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d2f5607b8a7e6a62e44171b62c7f2241414717e5","claim":"BANCPLUS CORP incurred term loan of $30.0 million with First Horizon Bank at prime rate of interest as reported in The Wall Street Journal published daily mi maturing June 15, 2030.","evidence_excerpt":"On June 13, 2025, BancPlus Corporation (the \"Company\"), as borrower, entered into a Loan Agreement (the \"Agreement\") with First Horizon Bank (\"First Horizon\"). Under the terms of the Agreement, First Horizon agreed to provide the Company with a $30.0 million term loan (the \"Term Loan\"), which was drawn down in full.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1118004/000095017025087106/0000950170-25-087106-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$30.0 million"},{"label":"Counterparty","value":"First Horizon Bank"},{"label":"Rate","value":"prime rate of interest as reported in The Wall Street Journal published daily mi"},{"label":"Maturity","value":"June 15, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}