secwatch.observer — SEC 8-K summary
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Issuer:     ENTERPRISE FINANCIAL SERVICES CORP (EFSC)
CIK:        0001025835
Form:       8-K
Filed at:   2026-06-17T20:01:27+00:00
Accession:  0001104659-26-075113
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025835/000110465926075113/0001104659-26-075113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025835/000110465926075113/tm2618148d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-075113

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