secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK:        0000860413
Form:       8-K
Filed at:   2025-06-06T23:59:59+00:00
Accession:  0001104659-25-057359
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FIBK prices $125M of 7.625% Fixed-to-Floating Subordinated Notes due 2035
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- Aggregate principal $125M, price 100%; interest fixed at 7.625% until June 2030, then floating at SOFR+398 bps.
- Net proceeds ~$123.1M; intended to redeem existing 5.25% Subordinated Notes due 2030 on Aug 15, 2025.
- Notes qualify as Tier 2 capital for regulatory purposes; sole book-runner is Keefe, Bruyette & Woods.
- Expected closing date June 10, 2025, subject to customary conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860413/000110465925057359/0001104659-25-057359-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860413/000110465925057359/tm258437d7_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-057359

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