secwatch.observer — SEC 8-K summary
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Issuer:     WEST BANCORPORATION INC (WTBA)
CIK:        0001166928
Form:       8-K
Filed at:   2022-06-14T23:59:59+00:00
Accession:  0001104659-22-071006
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

West Bancorporation completes $60M offering of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2032
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- $60 million aggregate principal of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2032 issued.
- Notes bear fixed 5.25% through June 15, 2027, then floating at 3-month SOFR plus 241 bps quarterly.
- Issued under Indenture with Wilmington Trust as trustee; redeemable at company's option at specified prices.
- Net proceeds for general corporate purposes; offering made under effective shelf registration statement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166928/000110465922071006/0001104659-22-071006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166928/000110465922071006/tm2216205d9_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-071006

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