secwatch.observer — SEC 8-K summary
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Issuer:     POPULAR, INC. (BPOP)
CIK:        0000763901
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0001193125-23-069071
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763901/000119312523069071/0001193125-23-069071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763901/000119312523069071/d406696d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-069071

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