secwatch.observer — SEC 8-K summary
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Issuer:     WEST BANCORPORATION INC (WTBA)
CIK:        0001166928
Form:       8-K
Filed at:   2022-06-10T23:59:59+00:00
Accession:  0001104659-22-070004
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

West Bancorporation prices $60M 5.25% subordinated notes due 2032
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- Offering of $60 million aggregate principal amount of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2032.
- Interest rate fixed at 5.25% through June 15, 2027, then floats at Three-Month Term SOFR plus 241 bps.
- Notes redeemable at par on or after June 15, 2027; mature June 15, 2032.
- Net proceeds for general corporate purposes and to support organic growth; intended as Tier 2 capital.
- Closing expected June 14, 2022; Piper Sandler & Co. acting as sole underwriter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166928/000110465922070004/0001104659-22-070004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166928/000110465922070004/tm2216205d7_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-070004

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