secwatch.observer — SEC 8-K summary
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Issuer:     Beacon Financial Corp (BBT)
CIK:        0001108134
Form:       8-K
Filed at:   2026-08-20T20:30:34+00:00
Accession:  0001104659-26-099244
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beacon Financial issues $175M subordinated notes; redeems $75M 2029 notes
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- Issued $175M 6.25% fixed-to-floating subordinated notes due 2036; net proceeds ~$171.8M.
- Proceeds used to redeem $75M 6.0% subordinated notes due 2029 (assumed from Brookline merger) and for general corporate purposes.
- Notes mature Sept 1, 2036; fixed 6.25% until Sept 1, 2031, then SOFR + 215 bps quarterly.
- Redemption of 2029 notes on Sept 15, 2026 at 100% plus accrued interest.
- Underwriters: Keefe, Bruyette & Woods and Piper Sandler.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108134/000110465926099244/0001104659-26-099244-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108134/000110465926099244/tm2623534d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-099244

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