---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-057924"
form_type: "8-K"
ticker: "SPFI"
cik: "0001163668"
company_name: "SOUTH PLAINS FINANCIAL, INC."
filed_at: "2023-12-15T23:59:59+00:00"
generated_at: "2026-06-07T11:42:03.994339+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# South Plains Financial redeems $12.4M subordinated notes due 2028

## Summary
- Redeemed entire $12,372,000 principal of 2028 Notes on Dec 15, 2023.
- Redemption price was 100% of principal plus accrued interest to Dec 15.
- Redemption approved by primary federal regulator on Oct 30, 2023.
- Holders receive payment upon surrendering notes to trustee/paying agent.

## SEC filing metadata
- accession: 0001140361-23-057924
- form_type: 8-K
- ticker: SPFI
- cik: 0001163668
- company_name: SOUTH PLAINS FINANCIAL, INC.
- filed_at: 2023-12-15T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163668/000114036123057924/0001140361-23-057924-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163668/000114036123057924/ef20016781_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-057924
- JSON: https://secwatch.observer/filing/0001140361-23-057924.json
- Plain text: https://secwatch.observer/filing/0001140361-23-057924.txt

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