secwatch.observer — SEC 8-K summary
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Issuer:     Burke & Herbert Financial Services Corp. (BHRB)
CIK:        0001964333
Form:       8-K
Filed at:   2026-09-30T20:13:49+00:00
Accession:  0001104659-26-112339
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964333/000110465926112339/0001104659-26-112339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964333/000110465926112339/tm2625875d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-112339

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