---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-007980"
form_type: "8-K"
ticker: "ONB"
cik: "0000707179"
company_name: "OLD NATIONAL BANCORP /IN/"
filed_at: "2026-01-29T23:59:59+00:00"
generated_at: "2026-05-16T06:41:46.076074+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Old National Bancorp issues $450M subordinated notes due 2036 at 5.768% fixed-to-floating

## Summary
- Issued $450M aggregate principal of 5.768% Fixed-to-Floating Rate Subordinated Notes due 2036.
- Initial fixed rate 5.768% to Feb 2031, then floating at 3-month SOFR + 220 bps.
- Net proceeds of ~$446.6M used for general corporate purposes.
- Underwriters led by Keefe, Bruyette & Woods and Morgan Stanley.
- Notes rank junior to senior debt and are structurally subordinated to subsidiary liabilities.

## SEC filing metadata
- accession: 0001104659-26-007980
- form_type: 8-K
- ticker: ONB
- cik: 0000707179
- company_name: OLD NATIONAL BANCORP /IN/
- filed_at: 2026-01-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/707179/000110465926007980/0001104659-26-007980-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707179/000110465926007980/tm264406d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-007980
- JSON: https://secwatch.observer/filing/0001104659-26-007980.json
- Plain text: https://secwatch.observer/filing/0001104659-26-007980.txt

## Key facts
- Material Agreements
  OLD NATIONAL BANCORP /IN/ entered into Underwriting Agreement with Keefe, Bruyette & Woods, Inc. and Morgan Stanley & Co. LLC, as representatives of the several underwriters valued at $450,000,000 aggregate principal amount (effective 2026-01-26).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Keefe, Bruyette & Woods, Inc. and Morgan Stanley & Co. LLC, as representatives of the several underwriters
  - Value: $450,000,000 aggregate principal amount
  - Effective: 2026-01-26
  source text: The Company entered into an Underwriting Agreement, dated January 26, 2026 (the "Underwriting Agreement"), with Keefe, Bruyette & Woods, Inc. and Morgan Stanley & Co. LLC, as representatives of the several underwriters listed on Schedule A attached thereto (collectively, the "Underwriters").
  evidence_url: https://www.sec.gov/Archives/edgar/data/707179/000110465926007980/0001104659-26-007980-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.