---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-075113"
form_type: "8-K"
ticker: "EFSC"
cik: "0001025835"
company_name: "ENTERPRISE FINANCIAL SERVICES CORP"
filed_at: "2026-06-17T20:01:27+00:00"
generated_at: "2026-06-17T20:08:00.227129+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Enterprise Financial issues $175M of 6.25% Fixed-to-Floating Subordinated Notes due 2036

## Summary
- Issued $175M aggregate principal of 6.25% Fixed-to-Floating Rate Subordinated Notes due July 1, 2036.
- Initial fixed rate 6.25% through June 30, 2031; thereafter floats at 3M Term SOFR + 232 bps paid quarterly.
- Underwriting discount 1.25%; net proceeds approximately $172.8M for general corporate purposes.
- Proceeds may be used to repay debt, pay dividends, support organic/acquisition growth, or invest in subsidiary bank.
- Notes are subordinated and are not guaranteed by any subsidiary; redeemable at par after July 1, 2031.

## SEC filing metadata
- accession: 0001104659-26-075113
- form_type: 8-K
- ticker: EFSC
- cik: 0001025835
- company_name: ENTERPRISE FINANCIAL SERVICES CORP
- filed_at: 2026-06-17T20:01:27+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1025835/000110465926075113/0001104659-26-075113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1025835/000110465926075113/tm2618148d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-075113
- JSON: https://secwatch.observer/filing/0001104659-26-075113.json
- Plain text: https://secwatch.observer/filing/0001104659-26-075113.txt

## Key facts
- Debt Financings
  ENTERPRISE FINANCIAL SERVICES CORP incurred senior notes of $175,000,000 with U.S. Bank Trust Company, National Association at 6.25% per annum fixed rate, then Three-Month Term SOFR plus 232 basis points flo maturing July 1, 2036.
  - Instrument: senior notes
  - Principal: $175,000,000
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 6.25% per annum fixed rate, then Three-Month Term SOFR plus 232 basis points flo
  - Maturity: July 1, 2036
  - Event: incurrence
  source text: On June 17, 2026, Enterprise Financial Services Corp (the “Company”) completed the issuance and sale (the “Offering”) of $175,000,000 aggregate principal amount of its 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1025835/000110465926075113/0001104659-26-075113-index.htm
- Material Agreements
  ENTERPRISE FINANCIAL SERVICES CORP entered into First Supplemental Indenture with U.S. Bank Trust Company, National Association, as trustee (effective 2026-06-17).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association, as trustee
  - Effective: 2026-06-17
  source text: as supplemented by the First Supplemental Indenture, dated as of June 17, 2026 (the “First Supplemental Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee
  evidence_url: https://www.sec.gov/Archives/edgar/data/1025835/000110465926075113/0001104659-26-075113-index.htm
- Material Agreements
  ENTERPRISE FINANCIAL SERVICES CORP entered into Underwriting Agreement with Keefe, Bruyette & Woods, Inc. and Raymond James & Associates, Inc., as representatives of the several underwriters valued at $175,000,000 (effective 2026-06-12).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Keefe, Bruyette & Woods, Inc. and Raymond James & Associates, Inc., as representatives of the several underwriters
  - Value: $175,000,000
  - Effective: 2026-06-12
  source text: In connection with the Offering, the Company entered into an Underwriting Agreement, dated June 12, 2026 (the “Underwriting Agreement”), with Keefe, Bruyette & Woods, Inc. and Raymond James & Associates, Inc., as representatives of the several underwriters listed on Schedule A attached thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1025835/000110465926075113/0001104659-26-075113-index.htm
- Material Agreements
  ENTERPRISE FINANCIAL SERVICES CORP entered into Base Indenture with U.S. Bank Trust Company, National Association, as trustee (effective 2026-06-17).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association, as trustee
  - Effective: 2026-06-17
  source text: The Notes were issued under the Subordinated Indenture, dated as of June 17, 2026 (the “Base Indenture”), as supplemented by the First Supplemental Indenture, dated as of June 17, 2026 (the “First Supplemental Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1025835/000110465926075113/0001104659-26-075113-index.htm

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