FIRST MID BANCSHARES, INC. (FMBH): debt financing — First Mid Bancshares enters $15M revolver and $20M term loan; replaces $15M Northern Trust facility

FIRST MID BANCSHARES, INC.

Revolver up to $15M, matures April 2027; interest at Prime minus 0.75% (floor 4.5%), initial ~6.00%.
Term loan $20M, matures April 2029; interest at 30-day avg SOFR + 2.75%, initial ~6.402%.
Term loan proceeds to be used to pay down existing subordinated debt.
Prior $15M Northern Trust revolver matured April 3, 2026 with no amounts outstanding; no termination penalties.
Obligations secured by negative pledge on 100% of First Mid Bank & Trust capital stock.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FIRST MID BANCSHARES, INC. incurred revolving credit of up to $15.0 million with Bankers’ Bank at Wall Street Journal Prime Rate as published in the Midwest Edition minus 0.75%, maturing April 10, 2027.

Instrument: revolving credit
Principal: up to $15.0 million
Counterparty: Bankers’ Bank
Rate: Wall Street Journal Prime Rate as published in the Midwest Edition minus 0.75%,
Maturity: April 10, 2027
Event: incurrence

Exact text from the filing

On April 10, 2026, First Mid Bancshares, Inc. (the “Company”) entered into a Business Loan Agreement (the “Loan Agreement”) with Bankers’ Bank (the “Lender”), pursuant to which the Lender provides the Company with a revolving line of credit in a principal amount of up to $15.0 million (the “Line of Credit”).

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FIRST MID BANCSHARES, INC. incurred term loan of original principal amount of $20.0 million with Bankers’ Bank at 30-day average SOFR, as published by the Federal Reserve Bank of New York, plus maturing April 10, 2029.

Instrument: term loan
Principal: original principal amount of $20.0 million
Counterparty: Bankers’ Bank
Rate: 30-day average SOFR, as published by the Federal Reserve Bank of New York, plus
Maturity: April 10, 2029
Event: incurrence

Exact text from the filing

In addition, on April 10, 2026, the Company entered into a separate Promissory Note (the “Term Note”) with the Lender, evidencing a term loan in an original principal amount of $20.0 million (the “Term Loan”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FIRST MID BANCSHARES, INC. entered into Promissory Note (Term Note) with Bankers' Bank valued at $20.0 million (effective 2026-04-10).

Action: entry
Agreement: credit facility
Counterparty: Bankers' Bank
Value: $20.0 million
Effective: 2026-04-10

Exact text from the filing

in addition, on April 10, 2026, the Company entered into a separate Promissory Note (the “Term Note”) with the Lender, evidencing a term loan in an original principal amount of $20.0 million (the “Term Loan”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FIRST MID BANCSHARES, INC. entered into Business Loan Agreement with Bankers' Bank valued at $15.0 million (effective 2026-04-10).

Action: entry
Agreement: credit facility
Counterparty: Bankers' Bank
Value: $15.0 million
Effective: 2026-04-10

Exact text from the filing

On April 10, 2026, First Mid Bancshares, Inc. (the “Company”) entered into a Business Loan Agreement (the “Loan Agreement”) with Bankers’ Bank (the “Lender”), pursuant to which the Lender provides the Company with a revolving line of credit in a principal amount of up to $15.0 million (the “Line of Credit”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FIRST MID BANCSHARES, INC. terminated Sixth Amended and Restated Credit Agreement with The Northern Trust Company (effective 2026-04-03).

Action: termination
Agreement: credit facility
Counterparty: The Northern Trust Company
Effective: 2026-04-03

Exact text from the filing

The Sixth Amended and Restated Credit Agreement dated as of April 12, 2019, as amended (the “Northern Trust Credit Agreement”), by and between First Mid Bancshares, Inc. (the “Company”) and The Northern Trust Company, matured in accordance with its terms on April 3, 2026, and was terminated effective as of such date.

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FIRST MID BANCSHARES, INC. filing history →

Source: SEC EDGAR

accession 0001171843-26-002468

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