---
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"
generated_at: "2026-10-12T14:05:12.397791+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Burke & Herbert prices $100M 7.00% subordinated notes due 2036; to repay $42.6M of higher-rate debt

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-112339
- JSON: https://secwatch.observer/filing/0001104659-26-112339.json
- Plain text: https://secwatch.observer/filing/0001104659-26-112339.txt

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