{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-316059","form_type":"8-K","ticker":"FISI","cik":"0000862831","company_name":"FINANCIAL INSTITUTIONS INC","filed_at":"2025-12-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.390881+00:00","generated_at":"2026-05-16T13:36:17.583042+00:00","sec_items":["1.01","2.03","7.01","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Financial Institutions Inc. issues $80M subnotes at 6.50%, to redeem $65M higher-cost debt","bullets":["Issued $80M of 6.50% fixed-to-floating subordinated notes due 2035; fixed rate for first 5 years, then SOFR+312bps.","Net proceeds to redeem $65M of outstanding subnotes currently bearing ~8.1-8.2% interest, expected redemption on/about Jan 15, 2026.","Notes rated BBB- by Kroll; CEO expects Total Risk-Based Capital ratio to be temporarily elevated ~150 bps at year-end.","CEO says refinancing provides more attractive rates and additional capital for deployment."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-316059","json":"https://secwatch.observer/filing/0001193125-25-316059.json","markdown":"https://secwatch.observer/filing/0001193125-25-316059.md","text":"https://secwatch.observer/filing/0001193125-25-316059.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862831/000119312525316059/0001193125-25-316059-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862831/000119312525316059/fisi-20251211.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:36:17.583042+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"382f00f85dd2c05c7d923e8b90708fc2e4c7976e","claim":"FINANCIAL INSTITUTIONS INC incurred senior notes of $80.0 million in aggregate principal amount at 6.50% maturing December 15, 2035.","evidence_excerpt":"pursuant to which the Company issued $80.0 million in aggregate principal amount of its 6.50% Fixed-to-Floating Rate Subordinated Notes due 2035","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/862831/000119312525316059/0001193125-25-316059-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$80.0 million in aggregate principal amount"},{"label":"Rate","value":"6.50%"},{"label":"Maturity","value":"December 15, 2035"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}