secwatch.observer — SEC 8-K summary
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Issuer:     FIRST MID BANCSHARES, INC. (FMBH)
CIK:        0000700565
Form:       8-K
Filed at:   2026-04-15T23:59:59+00:00
Accession:  0001171843-26-002468
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Mid Bancshares enters $15M revolver and $20M term loan; replaces $15M Northern Trust facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700565/000117184326002468/0001171843-26-002468-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700565/000117184326002468/f8k_041526.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-002468

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