{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-402604","form_type":"8-K","ticker":"FRME","cik":"0000712534","company_name":"FIRST MERCHANTS CORP","filed_at":"2026-09-25T18:10:16+00:00","discovered_at":"2026-09-25T18:11:06.362007+00:00","generated_at":"2026-10-12T13:20:55.940956+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"First Merchants issues $100M of 6.750% subordinated notes due 2036 as Tier 2 capital","bullets":["$100 million aggregate principal of 6.750% Fixed-to-Floating Rate Subordinated Notes due October 1, 2036, issued under an indenture dated September 25, 2026 with U.S. Bank Trust Company as trustee.","Fixed rate of 6.750% paid semi-annually on April 1 and October 1, starting April 1, 2027; from October 1, 2031 the rate floats at Three-Month Term SOFR plus 202 basis points, reset quarterly.","Notes are redeemable at 100% of principal plus accrued interest, in whole or in part, beginning October 1, 2031 and on any interest payment date thereafter.","Pre-2031 the notes are callable only in whole on a Tax Event, a loss of Tier 2 capital treatment, or an Investment Company Act registration requirement, subject to Federal Reserve approval.","Offering was made under First Merchants' effective shelf registration statement on Form S-3ASR (File No. 333-298983); proceeds use was not disclosed in the filing."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-402604","json":"https://secwatch.observer/filing/0001193125-26-402604.json","markdown":"https://secwatch.observer/filing/0001193125-26-402604.md","text":"https://secwatch.observer/filing/0001193125-26-402604.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/712534/000119312526402604/0001193125-26-402604-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/712534/000119312526402604/d154643d8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T13:20:55.940956+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"}