secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHSIDE BANCSHARES INC (SBSI)
CIK:        0000705432
Form:       8-K
Filed at:   2025-08-14T23:59:59+00:00
Accession:  0001104659-25-078763
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southside Bancshares issues $150M of 7% subordinated notes due 2035; net proceeds ~$147.75M
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- Completed $150M offering of 7.00% Fixed-to-Floating Rate Subordinated Notes due 2035.
- Net proceeds ~$147.75M; may redeem $150M of 3.875% Notes due 2030 or use for general purposes.
- Notes qualify as Tier 2 regulatory capital; fixed 7% for 5 years then SOFR+357 bps floating.
- Issued under Indenture with Wilmington Trust; subordinated to senior debt, structurally subordinated to subsidiary liabilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/705432/000110465925078763/0001104659-25-078763-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/705432/000110465925078763/tm2523350d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-078763

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer