secwatch.observer — SEC 8-K summary
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Issuer:     Midland States Bancorp, Inc. (MSBI)
CIK:        0001466026
Form:       8-K
Filed at:   2025-09-02T23:59:59+00:00
Accession:  0001104659-25-085897
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Midland States Bancorp to redeem all $50.75M subordinated notes on Sept 30, 2025
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- Redeeming $50.75M Fixed-to-Floating Rate Subordinated Notes due 2029 on September 30, 2025.
- Redemption price is 100% of principal plus accrued unpaid interest through redemption date.
- Current interest rate on notes is 7.91%, equating to approximately $4M annual interest payment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466026/000110465925085897/0001104659-25-085897-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466026/000110465925085897/tm2524632d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-085897

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