secwatch.observer — SEC 8-K summary
======================================

Issuer:     PATRIOT NATIONAL BANCORP INC (PNBK)
CIK:        0001098146
Form:       8-K
Filed at:   2022-12-21T23:59:59+00:00
Accession:  0001437749-22-029542
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098146/000143774922029542/0001437749-22-029542-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098146/000143774922029542/pnbk20221220_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-029542

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer