NORTHPOINTE BANCSHARES INC (NPB): debt financing — Northpointe Bancshares closes $70M subordinated note offering to redeem 8.25% preferred stock

NORTHPOINTE BANCSHARES INC

Issued $70M in 7.50% Fixed-to-Floating Rate Subordinated Notes due 2035 to institutional buyers.
Interest fixed at 7.50% through Dec 15, 2030, then resets quarterly to SOFR + 424 bps.
Proceeds (plus cash on hand) will redeem all outstanding 8.25% Series A Perpetual Preferred Stock on Dec 30, 2025.
Notes structured to qualify as Tier 2 regulatory capital; Piper Sandler and KBW acted as placement agents.

item 1.01 item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NORTHPOINTE BANCSHARES INC incurred senior notes of $70.0 million at 7.50% per annum maturing December 15, 2035.

Instrument: senior notes
Principal: $70.0 million
Rate: 7.50% per annum
Maturity: December 15, 2035
Event: incurrence

Exact text from the filing

the Company sold and issued $70.0 million in aggregate principal amount of its 7.50% Fixed-to-Floating Rate Subordinated Notes due 2035

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NORTHPOINTE BANCSHARES INC entered into Subordinated Note Purchase Agreement with certain institutional accredited investors and qualified institutional buyers valued at $70.0 million in aggregate principal amount (effective 2025-12-09).

Action: entry
Agreement: notes offering
Counterparty: certain institutional accredited investors and qualified institutional buyers
Value: $70.0 million in aggregate principal amount
Effective: 2025-12-09

Exact text from the filing

On December 9, 2025, Northpointe Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with certain institutional accredited investors and qualified institutional buyers (the “Purchasers”), pursuant to which the Company sold and issued $70.0 million in aggregate principal amount of its 7.50% Fixed-to-Floating Rate Subordinated Notes due 2035 (the “Notes”).

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73 debt financings filed in the last 30 days. Browse all debt financings →

NORTHPOINTE BANCSHARES INC filing history →

Source: SEC EDGAR

accession 0001336706-25-000012

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