---
schema_version: "secwatch.filing_event.v1"
accession: "0001056288-22-000012"
form_type: "8-K"
ticker: "FHI"
cik: "0001056288"
company_name: "FEDERATED HERMES, INC."
filed_at: "2022-03-14T23:59:59+00:00"
generated_at: "2026-06-26T23:04:03.576970+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Federated Hermes completes HFML exchange, plans $350M note issuance at 3.29%

## Summary
- Completed exchange of HFML beneficial interests for 1,183,066 restricted FHI shares and 318,807 treasury shares, making HFML wholly-owned.
- Value of HFML shares received: $47.5 million based on Dec 31, 2021 independent valuation.
- Intends to issue $350M senior unsecured notes at 3.29% coupon, maturing March 17, 2032, with semi-annual payments.
- Proceeds to fund share repurchases, potential acquisitions, pay down existing debt, and general corporate purposes.
- Lead agents: Citigroup Global Markets Inc. and PNC Capital Markets LLC.

## SEC filing metadata
- accession: 0001056288-22-000012
- form_type: 8-K
- ticker: FHI
- cik: 0001056288
- company_name: FEDERATED HERMES, INC.
- filed_at: 2022-03-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1056288/000105628822000012/0001056288-22-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1056288/000105628822000012/fhi-20220314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001056288-22-000012
- JSON: https://secwatch.observer/filing/0001056288-22-000012.json
- Plain text: https://secwatch.observer/filing/0001056288-22-000012.txt

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