secwatch.observer — SEC 8-K summary
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Issuer:     Dime Community Bancshares, Inc. /NY/ (DCOM)
CIK:        0000846617
Form:       8-K
Filed at:   2024-06-27T23:59:59+00:00
Accession:  0001104659-24-075280
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dime Community Bancshares prices $65M of 9.000% fixed-to-floating subordinated notes due 2034
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- $65M aggregate principal; 9.000% fixed rate through July 15, 2029, then floating at 3-month SOFR + 495.1 bps.
- Matures July 15, 2034; callable at par on/after July 15, 2029; underwriters have 30-day option for additional $9.75M.
- Notes intended to qualify as Tier 2 regulatory capital; expected to list on Nasdaq under symbol DCOMG.
- Net proceeds for general corporate purposes, including organic growth and supporting capital ratios.
- Joint book-runners: Raymond James and KBW; co-managers: D.A. Davidson and Piper Sandler.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/846617/000110465924075280/0001104659-24-075280-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/846617/000110465924075280/tm2418038d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-075280

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