secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENT BANK CORP (INDB)
CIK:        0000776901
Form:       8-K
Filed at:   2025-03-25T23:59:59+00:00
Accession:  0001193125-25-062561
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Independent Bank Corp. issues $300M of 7.25% subordinated notes due 2035
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- Net proceeds of $297.0M from the offering; notes carry fixed 7.25% coupon through April 2030 then float at SOFR+353bps.
- Maturity date April 1, 2035; notes are unsecured, subordinated obligations structurally subordinated to Rockland Trust liabilities.
- Proceeds may be used to redeem Enterprise Bancorp's subordinated notes following the pending merger.
- Underwriting agreement with Keefe, Bruyette & Woods and Piper Sandler & Co. signed March 20, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776901/000119312525062561/0001193125-25-062561-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776901/000119312525062561/d918869d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-062561

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