secwatch.observer — SEC 8-K summary
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Issuer:     BANCPLUS CORP (—)
CIK:        0001118004
Form:       8-K
Filed at:   2025-06-17T23:59:59+00:00
Accession:  0000950170-25-087106
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BancPlus enters $30M term loan to redeem $60M subordinated notes
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1118004/000095017025087106/0000950170-25-087106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1118004/000095017025087106/ck0001118004-20250613.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-087106

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