---
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"
generated_at: "2026-05-19T04:13:36.847935+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BancPlus enters $30M term loan to redeem $60M subordinated notes

## Summary
- 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%.

## SEC filing metadata
- accession: 0000950170-25-087106
- form_type: 8-K
- cik: 0001118004
- company_name: BANCPLUS CORP
- filed_at: 2025-06-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-087106
- JSON: https://secwatch.observer/filing/0000950170-25-087106.json
- Plain text: https://secwatch.observer/filing/0000950170-25-087106.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $30.0 million
  - Counterparty: First Horizon Bank
  - Rate: prime rate of interest as reported in The Wall Street Journal published daily mi
  - Maturity: June 15, 2030
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1118004/000095017025087106/0000950170-25-087106-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.