---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-029542"
form_type: "8-K"
ticker: "PNBK"
cik: "0001098146"
company_name: "PATRIOT NATIONAL BANCORP INC"
filed_at: "2022-12-21T23:59:59+00:00"
generated_at: "2026-06-21T00:40:57.811447+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Patriot National Bancorp issues $12M 8.50% senior notes due 2026, repays 7.50% notes

## Summary
- $12M aggregate principal of 8.50% Fixed Rate Senior Notes due 2026 issued at 100% face value.
- Proceeds used to fully repay the 7.50% Senior Notes due December 31, 2022.
- Notes mature January 15, 2026; interest paid semi-annually starting July 15, 2023.
- Company may redeem notes on/after January 15, 2025 at 100% principal plus accrued interest.
- Notes are unsecured, unsubordinated obligations; not guaranteed by affiliates.

## SEC filing metadata
- accession: 0001437749-22-029542
- form_type: 8-K
- ticker: PNBK
- cik: 0001098146
- company_name: PATRIOT NATIONAL BANCORP INC
- filed_at: 2022-12-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1098146/000143774922029542/0001437749-22-029542-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1098146/000143774922029542/pnbk20221220_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-029542
- JSON: https://secwatch.observer/filing/0001437749-22-029542.json
- Plain text: https://secwatch.observer/filing/0001437749-22-029542.txt

## Key facts
- Debt Financings
  PATRIOT NATIONAL BANCORP INC incurred senior notes of $12,000,000 at 8.50% maturing January 15, 2026.
  - Instrument: senior notes
  - Principal: $12,000,000
  - Rate: 8.50%
  - Maturity: January 15, 2026
  - Event: incurrence
  source text: On December 21, 2022, Patriot National Bancorp, Inc. (the “Company”) completed the issuance and sale (the “Offering”) of $12,000,000 in aggregate principal amount of 8.50% Fixed Rate Senior Notes due 2026 (the “Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1098146/000143774922029542/0001437749-22-029542-index.htm
- Material Agreements
  PATRIOT NATIONAL BANCORP INC entered into Note Purchase Agreement with the Purchasers valued at $12,000,000 (effective 2022-12-21).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: the Purchasers
  - Value: $12,000,000
  - Effective: 2022-12-21
  source text: On December 21, 2022, Patriot National Bancorp, Inc. (the “Company”) completed the issuance and sale (the “Offering”) of $12,000,000 in aggregate principal amount of 8.50% Fixed Rate Senior Notes due 2026 (the “Notes”) pursuant to Senior Note Purchase Agreements, dated December 21, 2022 (collectively, the “Note Purchase Agreement”), by and among the Company and the purchasers named therein (the “Purchasers”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1098146/000143774922029542/0001437749-22-029542-index.htm

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