secwatch.observer — SEC 8-K summary
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Issuer:     ConnectOne Bancorp, Inc. (CNOB)
CIK:        0000712771
Form:       8-K
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0001104659-25-050842
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ConnectOne Bancorp issues $200M subordinated notes at 8.125%, due 2035
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- Issued $200M of 8.125% Fixed-to-Floating Rate Subordinated Notes due 2035; net proceeds ~$196.5M.
- Proceeds to redeem $75M of outstanding 5.75% notes due 2030 and contribute $100M to ConnectOne Bank as regulatory capital.
- Interest fixed at 8.125% until June 2030, then resets quarterly to 3-month SOFR + 441.5 bps.
- Notes are unsecured, subordinated obligations ranking junior to senior debt and structurally subordinated to bank liabilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712771/000110465925050842/0001104659-25-050842-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712771/000110465925050842/tm2514692d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-050842

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