secwatch.observer — SEC 8-K summary
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Issuer:     SHORE BANCSHARES INC (SHBI)
CIK:        0001035092
Form:       8-K
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0001104659-25-111485
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shore Bancshares completes $60M subordinated notes offering at 6.25% fixed rate
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- $60M aggregate principal of 6.25% Fixed to Floating Rate Subordinated Notes due 2035 issued.
- Notes initially bear 6.25% fixed for 5 years, then float at 3-month SOFR + 288 bps.
- Intended to qualify as Tier 2 regulatory capital; proceeds for general corporate purposes and debt repayment.
- Piper Sandler & Co. lead placement agent; Hovde Group co-placement agent.
- Notes unsecured, subordinated, not guaranteed by subsidiaries; no conversion or sinking fund.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035092/000110465925111485/0001104659-25-111485-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035092/000110465925111485/tm2530658d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-111485

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