{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-112339","form_type":"8-K","ticker":"BHRB","cik":"0001964333","company_name":"Burke & Herbert Financial Services Corp.","filed_at":"2026-09-30T20:13:49+00:00","discovered_at":"2026-09-30T20:15:00.479764+00:00","generated_at":"2026-10-12T14:05:12.397791+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Burke & Herbert prices $100M 7.00% subordinated notes due 2036; to repay $42.6M of higher-rate debt","bullets":["$100M aggregate principal of 7.00% Fixed-to-Floating Rate Subordinated Notes due Oct 1, 2036; priced at 100% of par.","Fixed 7.00% until Oct 1, 2031, then Three-Month Term SOFR + 222 bps, quarterly; intended to qualify as Tier 2 capital.","Net proceeds plus cash to repay $4.5M 6.875% note due April 2028, $18.1M 6.00% notes due July 2030, and $20.0M 5.00% notes due Oct 2030.","May also repay $75.0M 3.25% notes due Dec 2031 and redeem up to $15.0M of 6.00% 2021 Preferred Stock; remainder for general corporate purposes.","Keefe, Bruyette & Woods (Stifel) sole book-running manager; offering expected to close Sept 30, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-112339","json":"https://secwatch.observer/filing/0001104659-26-112339.json","markdown":"https://secwatch.observer/filing/0001104659-26-112339.md","text":"https://secwatch.observer/filing/0001104659-26-112339.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1964333/000110465926112339/0001104659-26-112339-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1964333/000110465926112339/tm2625875d4_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:05:12.397791+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}