debt
confidence medium
sentiment neutral
materiality 0.40
Burke & Herbert proposes offering of Fixed-to-Floating Rate Subordinated Notes due 2036
Burke & Herbert Financial Services Corp.
- Preliminary prospectus supplement filed Sept 28, 2026 under Form S-3 (File No. 333-283261, declared effective Dec 11, 2024) for newly issued notes due 2036.
- Notes are Fixed-to-Floating Rate subordinated debt of Burke & Herbert Financial Services Corp.; offering size, coupon and maturity date not disclosed in the filing.
- Offer is still a proposal subject to market conditions; no use of proceeds stated.
- Investor presentation (Exhibit 99.1) filed for meetings with potential purchasers, but contains only a September 2026 fixed income cover slide -- no financial figures or terms.
- 8-K signed by Executive Vice President and CFO Kirtan Parikh.