{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-399714","form_type":"8-K","ticker":"FRME","cik":"0000712534","company_name":"FIRST MERCHANTS CORP","filed_at":"2026-09-23T22:22:23+00:00","discovered_at":"2026-09-24T10:05:00.486341+00:00","generated_at":"2026-09-24T10:05:55.900019+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"First Merchants prices $100M subordinated notes at 6.750% fixed-to-floating due 2036","bullets":["$100M aggregate principal of 6.750% Fixed-to-Floating Subordinated Notes due 2036 priced Sept 23, 2026.","Interest at 6.750% through Oct 1, 2031, then resets quarterly to 3-month Term SOFR + 202 bps.","Redeemable at par on Oct 1, 2031 and thereafter; maturity Oct 1, 2036.","Proceeds for general corporate purposes, including common share repurchases; Notes qualify as Tier 2 capital.","Piper Sandler sole book-runner; closing expected on or about Sept 25, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-399714","json":"https://secwatch.observer/filing/0001193125-26-399714.json","markdown":"https://secwatch.observer/filing/0001193125-26-399714.md","text":"https://secwatch.observer/filing/0001193125-26-399714.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/712534/000119312526399714/0001193125-26-399714-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/712534/000119312526399714/d172960d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-24T10:05:55.900019+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}