---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-069071"
form_type: "8-K"
ticker: "BPOP"
cik: "0000763901"
company_name: "POPULAR, INC."
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T05:06:50.356837+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# $400M 7.25% Senior Notes due 2028 issued; proceeds to redeem $300M maturing 6.125% notes

## Summary
- Issued $400M aggregate principal of 7.25% Senior Notes due March 13, 2028.
- Net proceeds to redeem or repay $300M of 6.125% Senior Notes due 2023.
- Interest payable semi-annually on March 13 and September 13, starting Sep 13, 2023.
- Notes are unsecured senior debt, ranking equally with existing unsecured senior indebtedness.
- Underwriting led by BofA Securities, Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC.

## SEC filing metadata
- accession: 0001193125-23-069071
- form_type: 8-K
- ticker: BPOP
- cik: 0000763901
- company_name: POPULAR, INC.
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763901/000119312523069071/0001193125-23-069071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763901/000119312523069071/d406696d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-069071
- JSON: https://secwatch.observer/filing/0001193125-23-069071.json
- Plain text: https://secwatch.observer/filing/0001193125-23-069071.txt

## Key facts
- Debt Financings
  POPULAR, INC. incurred senior notes of $400,000,000 with The Bank of New York Mellon at 7.25% per annum maturing March 13, 2028.
  - Instrument: senior notes
  - Principal: $400,000,000
  - Counterparty: The Bank of New York Mellon
  - Rate: 7.25% per annum
  - Maturity: March 13, 2028
  - Event: incurrence
  source text: On March 13, 2023, Popular, Inc. (the “Corporation”) issued $400,000,000 aggregate principal amount of its 7.25% Senior Notes due 2028 (the “Notes”) in an underwritten public offering
  evidence_url: https://www.sec.gov/Archives/edgar/data/763901/000119312523069071/0001193125-23-069071-index.htm
- Material Agreements
  POPULAR, INC. entered into Tenth Supplemental Indenture with The Bank of New York Mellon valued at $400,000,000 aggregate principal amount of 7.25% Senior Notes due 2028 (effective 2023-03-13).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: The Bank of New York Mellon
  - Value: $400,000,000 aggregate principal amount of 7.25% Senior Notes due 2028
  - Effective: 2023-03-13
  source text: On March 13, 2023, Popular, Inc. (the “Corporation”) issued $400,000,000 aggregate principal amount of its 7.25% Senior Notes due 2028 (the “Notes”) in an underwritten public offering pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission.
  evidence_url: https://www.sec.gov/Archives/edgar/data/763901/000119312523069071/0001193125-23-069071-index.htm

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