QCR HOLDINGS INC (QCRH): debt financing — QCR Holdings closes $70M subordinated note offering to refinance existing debt

QCR HOLDINGS INC

Issued $50M of 6.875% Fixed-to-Floating Notes due 2035 and $20M of 7.225% Notes due 2037.
Proceeds used to redeem $50M of 5.125% Notes due 2030 and $20M of 5.25% Notes due 2030.
New notes qualify as Tier 2 capital; fixed rates switch to SOFR+350 bps and SOFR+375 bps after 5 and 7 years.
CEO Todd Gipple highlighted blended coupon below 7% as competitive; private placement with a local company.
No equity dilution; notes are unsecured, subordinated obligations with limited acceleration triggers.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

QCR HOLDINGS INC incurred senior notes of $50 million in aggregate principal amount of its 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035 and $20 milli with a certain qualified institutional buyer at 6.875% per year fixed for 2035 Notes; 7.225% per year fixed for 2037 Notes maturing 2035 Notes mature September 15, 2035; 2037 Notes mature September 15, 2037.

Instrument: senior notes
Principal: $50 million in aggregate principal amount of its 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035 and $20 milli
Counterparty: a certain qualified institutional buyer
Rate: 6.875% per year fixed for 2035 Notes; 7.225% per year fixed for 2037 Notes
Maturity: 2035 Notes mature September 15, 2035; 2037 Notes mature September 15, 2037
Event: incurrence

Exact text from the filing

On September 15, 2025, QCR Holdings, Inc. (the “ Company ”) entered into a Subordinated Note Purchase Agreement (the “ Purchase Agreement ”) with a certain qualified institutional buyer (the “ Purchaser ”) pursuant to which the Company sold and issued: (i) $50 million in aggregate principal amount of its 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035 (the “ 2035 Notes ”), and (ii) $20 million in aggregate principal amount of its 7.225% Fixed-to-Floating Rate Subordinated Notes due 2037 (the “ 2037 Notes ” and, together with the 2035 Notes, the “ Notes ”).

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QCR HOLDINGS INC filing history →

Source: SEC EDGAR

accession 0001104659-25-089992

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