{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-25-003817","form_type":"8-K","ticker":"CHMG","cik":"0000763563","company_name":"CHEMUNG FINANCIAL CORP","filed_at":"2025-06-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.198880+00:00","generated_at":"2026-05-19T16:25:16.235978+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Chemung Financial issues $45M in 7.75% subordinated notes due 2035","bullets":["Issued $45M aggregate principal of 7.75% Fixed-to-Floating Rate Subordinated Notes due 2035.","Notes mature June 15, 2035; fixed rate 7.75% until June 15, 2030, then float at 3-month SOFR + 415 bps.","Proceeds to support regulatory capital ratios, growth initiatives, and possible balance sheet restructuring.","Notes qualify as Tier 2 capital at holding company level under Federal Reserve Board capital guidelines.","Private placement under Section 4(a)(2) and Rule 506; not registered under Securities Act."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-25-003817","json":"https://secwatch.observer/filing/0001171843-25-003817.json","markdown":"https://secwatch.observer/filing/0001171843-25-003817.md","text":"https://secwatch.observer/filing/0001171843-25-003817.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/763563/000117184325003817/0001171843-25-003817-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/763563/000117184325003817/f8k_061025.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T16:25:16.235978+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":[{"claim_id":"3743d24515cea169bc43093f3033e9276d2a7326","claim":"CHEMUNG FINANCIAL CORP incurred senior notes of $45.0 million with certain accredited investors and qualified institutional buyers at 7.75% Fixed-to-Floating Rate maturing June 15, 2035.","evidence_excerpt":"Agreements (the “Agreements”) with certain accredited investors and qualified institutional buyers (the “Purchasers”) and, pursuant to the Agreements, issued to the Purchasers $45.0 million in aggregate principal amount of the Corporation’s 7.75% Fixed-to-Floating Rate Subordinated Notes due 2035 (the “Notes”). The Notes were offered and sold in a private placement","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/763563/000117184325003817/0001171843-25-003817-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$45.0 million"},{"label":"Counterparty","value":"certain accredited investors and qualified institutional buyers"},{"label":"Rate","value":"7.75% Fixed-to-Floating Rate"},{"label":"Maturity","value":"June 15, 2035"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}