---
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"
generated_at: "2026-09-24T10:05:55.900019+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# First Merchants prices $100M subordinated notes at 6.750% fixed-to-floating due 2036

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-399714
- JSON: https://secwatch.observer/filing/0001193125-26-399714.json
- Plain text: https://secwatch.observer/filing/0001193125-26-399714.txt

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