secwatch.observer — SEC 8-K summary
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Issuer:     OLD NATIONAL BANCORP /IN/ (ONB)
CIK:        0000707179
Form:       8-K
Filed at:   2026-01-29T23:59:59+00:00
Accession:  0001104659-26-007980
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707179/000110465926007980/0001104659-26-007980-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707179/000110465926007980/tm264406d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-007980

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