{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-011154","form_type":"8-K","ticker":"BFST","cik":"0001624322","company_name":"Business First Bancshares, Inc.","filed_at":"2026-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.606474+00:00","generated_at":"2026-05-15T07:50:46.951541+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Business First Bancshares issues $85M subordinated notes due 2036 at 6.50% fixed rate","bullets":["Sold $85M aggregate principal of 6.50% fixed-to-floating rate subordinated notes due 2036.","Notes bear 6.50% fixed through March 30, 2031, then 3-month SOFR + 300 bps quarterly.","Proceeds will redeem $66.93M of existing subordinated notes and support b1BANK capital.","Notes are unsecured, subordinated, structured as Tier 2 capital for regulatory purposes.","Private placement under Rule 506(b); UMB Bank is paying agent and registrar."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-011154","json":"https://secwatch.observer/filing/0001437749-26-011154.json","markdown":"https://secwatch.observer/filing/0001437749-26-011154.md","text":"https://secwatch.observer/filing/0001437749-26-011154.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1624322/000143774926011154/0001437749-26-011154-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1624322/000143774926011154/bfbi20260402_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T07:50:46.951541+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":[{"claim_id":"693e59a7332173cae22881ff08e74c63336a282c","claim":"Business First Bancshares, Inc. incurred senior notes of $85.0 million at 6.50% fixed-to-floating rate maturing 2036.","evidence_excerpt":"On April 2, 2026, Business First Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with certain qualified institutional buyers and accredited investors pursuant to which the Company sold and issued $85.0 million in aggregate principal amount of 6.50% fixed-to-floating rate subordinated notes due 2036 (the “Notes”) in a private placement transaction.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1624322/000143774926011154/0001437749-26-011154-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001213900-26-054183","ticker":"EMAT","company_name":"Evolution Metals & Technologies Corp.","filed_at":"2026-05-11T23:59:59+00:00","headline":"EMAT secures $100M convertible debenture facility from Yorkville; first $20M tranche issued","event_type":"debt","sec_items":["1.01","2.03","3.02","7.01","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-054183","json":"https://secwatch.observer/filing/0001213900-26-054183.json","markdown":"https://secwatch.observer/filing/0001213900-26-054183.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026054183/0001213900-26-054183-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026054183/ea0290073-8k_evolution.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On April 2, 2026, Business First Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with certain qualified institutional buyers and accredited investors pursuant to which the Company sold and issued $85.0 million in aggregate principal amount of 6.50% fixed-to-floating rate subordinated notes due 2036 (the “Notes”) in a private placement transaction.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1624322/000143774926011154/0001437749-26-011154-index.htm","comparable_excerpt":"The first Convertible Debenture (the “First Debenture”) in the principal amount of $20,000,000 was issued on May 7, 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026054183/0001213900-26-054183-index.htm"}},{"accession":"0001193125-26-212391","ticker":"RNST","company_name":"RENASANT CORP","filed_at":"2026-05-07T23:59:59+00:00","headline":"Renasant prices $300M 6.25% sub notes due 2036, net $295.7M, may redeem $40M 5.50% notes","event_type":"debt","sec_items":["1.01","2.03","7.01","9.01"],"materiality_score":0.55,"calibrated_materiality_score":0.55,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-212391","json":"https://secwatch.observer/filing/0001193125-26-212391.json","markdown":"https://secwatch.observer/filing/0001193125-26-212391.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/715072/000119312526212391/0001193125-26-212391-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/715072/000119312526212391/d145081d8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On April 2, 2026, Business First Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with certain qualified institutional buyers and accredited investors pursuant to which the Company sold and issued $85.0 million in aggregate principal amount of 6.50% fixed-to-floating rate subordinated notes due 2036 (the “Notes”) in a private placement transaction.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1624322/000143774926011154/0001437749-26-011154-index.htm","comparable_excerpt":"for the issuance and sale of $300 million aggregate principal amount of its 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/715072/000119312526212391/0001193125-26-212391-index.htm"}},{"accession":"0001062822-26-000094","ticker":"LXRX","company_name":"LEXICON PHARMACEUTICALS, INC.","filed_at":"2026-05-06T23:59:59+00:00","headline":"Lexicon secures $100M loan facility from Hercules Capital; $55M funded at closing","event_type":"debt","sec_items":["1.01","2.03","3.02","7.01","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001062822-26-000094","json":"https://secwatch.observer/filing/0001062822-26-000094.json","markdown":"https://secwatch.observer/filing/0001062822-26-000094.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1062822/000106282226000094/0001062822-26-000094-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1062822/000106282226000094/lxrx-20260504.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On April 2, 2026, Business First Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with certain qualified institutional buyers and accredited investors pursuant to which the Company sold and issued $85.0 million in aggregate principal amount of 6.50% fixed-to-floating rate subordinated notes due 2036 (the “Notes”) in a private placement transaction.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1624322/000143774926011154/0001437749-26-011154-index.htm","comparable_excerpt":"On May 4, 2026, Lexicon Pharmaceuticals, Inc. (\" Lexicon \") and its subsidiaries entered into a loan and security agreement with Hercules Capital, Inc. and certain of its affiliates (\" Hercules \") that provides up to $100 million in borrowing capacity (the \" Hercules Term Loans \") available in three tranches, each maturing in May 2030.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1062822/000106282226000094/0001062822-26-000094-index.htm"}},{"accession":"0001096906-26-000724","ticker":"FMHS","company_name":"FARMHOUSE, INC. /NV","filed_at":"2026-05-06T23:59:59+00:00","headline":"Farmhouse issues $2.22M convertible note to Axiom; net cash $884k for Bitcoin/Gold treasury","event_type":"debt","sec_items":["1.01","2.03","3.02","7.01","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001096906-26-000724","json":"https://secwatch.observer/filing/0001096906-26-000724.json","markdown":"https://secwatch.observer/filing/0001096906-26-000724.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1811999/000109690626000724/0001096906-26-000724-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1811999/000109690626000724/fmhs-20260504_8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On April 2, 2026, Business First Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with certain qualified institutional buyers and accredited investors pursuant to which the Company sold and issued $85.0 million in aggregate principal amount of 6.50% fixed-to-floating rate subordinated notes due 2036 (the “Notes”) in a private placement transaction.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1624322/000143774926011154/0001437749-26-011154-index.htm","comparable_excerpt":"On May 4, 2026, the Company issued a Convertible Promissory Note (the “Note”) to Axiom Holdings Group LLC (the “Investor”) with an original principal amount of $2,222,222, reflecting gross proceeds of $2,000,000 and a ten percent (10%) original issue discount.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1811999/000109690626000724/0001096906-26-000724-index.htm"}},{"accession":"0001104659-26-056353","ticker":"IIPR","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2026-05-06T23:59:59+00:00","headline":"IIP closes $56.5M secured term loan; proceeds to repay notes due May 2026","event_type":"debt","sec_items":["1.01","2.03","7.01","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-056353","json":"https://secwatch.observer/filing/0001104659-26-056353.json","markdown":"https://secwatch.observer/filing/0001104659-26-056353.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926056353/0001104659-26-056353-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926056353/tm2613694d1_8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On April 2, 2026, Business First Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with certain qualified institutional buyers and accredited investors pursuant to which the Company sold and issued $85.0 million in aggregate principal amount of 6.50% fixed-to-floating rate subordinated notes due 2036 (the “Notes”) in a private placement transaction.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1624322/000143774926011154/0001437749-26-011154-index.htm","comparable_excerpt":"for all obligations under the Loan Agreement. Pursuant to the Loan Agreement, on May 5,\n2026, the Borrowers issued to the Lender a promissory note (the “Note”) evidencing a $56.5 million secured term loan (the\n“Loan”), which matures on May 5, 2029, and may be extended at the Borrowers’ option for up to two additional 12-month\nperiods, subject in each case to the","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926056353/0001104659-26-056353-index.htm"}},{"accession":"0001185348-26-000017","ticker":"PRAA","company_name":"PRA GROUP INC","filed_at":"2026-05-05T23:59:59+00:00","headline":"PRA Group extends €730M European credit facility to April 2031, reduces ERC ratio to 40%","event_type":"debt","sec_items":["1.01","2.03","7.01","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001185348-26-000017","json":"https://secwatch.observer/filing/0001185348-26-000017.json","markdown":"https://secwatch.observer/filing/0001185348-26-000017.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1185348/000118534826000017/0001185348-26-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1185348/000118534826000017/praa-20260430.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On April 2, 2026, Business First Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with certain qualified institutional buyers and accredited investors pursuant to which the Company sold and issued $85.0 million in aggregate principal amount of 6.50% fixed-to-floating rate subordinated notes due 2036 (the “Notes”) in a private placement transaction.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1624322/000143774926011154/0001437749-26-011154-index.htm","comparable_excerpt":"(\"PRA Group Holding\"), Luxembourg, Zug Branch, (together, the \"Borrowers\"), entered into the Second Amended and Restated Credit Agreement (the \"Second A&R European Credit Agreement\") with the lenders party thereto (\"EU Lenders\") and DNB Bank ASA as facility agent and security agent (the \"EU Agent\"), amending and restating the Company’s existing €730 million European revolving credit facility entered into on November 23, 2022, as amended and restated on April 24, 2025 (the “Prior Credit Agreement”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1185348/000118534826000017/0001185348-26-000017-index.htm"}},{"accession":"0001193125-26-206582","ticker":"GBX","company_name":"GREENBRIER COMPANIES INC","filed_at":"2026-05-05T23:59:59+00:00","headline":"Greenbrier closes $425M non-recourse leasing term loan, extending maturity to 2032","event_type":"debt","sec_items":["1.01","2.03","7.01","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-206582","json":"https://secwatch.observer/filing/0001193125-26-206582.json","markdown":"https://secwatch.observer/filing/0001193125-26-206582.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/923120/000119312526206582/0001193125-26-206582-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923120/000119312526206582/gbx-20260505.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On April 2, 2026, Business First Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with certain qualified institutional buyers and accredited investors pursuant to which the Company sold and issued $85.0 million in aggregate principal amount of 6.50% fixed-to-floating rate subordinated notes due 2036 (the “Notes”) in a private placement transaction.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1624322/000143774926011154/0001437749-26-011154-index.htm","comparable_excerpt":"a delayed draw term loan facility (the “Delayed Draw Term Loan Facility”) in an aggregate amount of up to $125 million (“Delayed Draw Term Loans”), which has an availability period of six (6) months from the Effective Date and is subject to the satisfaction of certain conditions.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/923120/000119312526206582/0001193125-26-206582-index.htm"}},{"accession":"0001140361-26-023577","ticker":"TCPC","company_name":"BlackRock TCP Capital Corp.","filed_at":"2026-06-01T20:50:02+00:00","headline":"BlackRock TCP Capital closes $535.8M CLO securitization, repays existing debt facilities","event_type":"debt","sec_items":["1.01","1.02","2.03","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-023577","json":"https://secwatch.observer/filing/0001140361-26-023577.json","markdown":"https://secwatch.observer/filing/0001140361-26-023577.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1370755/000114036126023577/0001140361-26-023577-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1370755/000114036126023577/ef20075169_8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On April 2, 2026, Business First Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with certain qualified institutional buyers and accredited investors pursuant to which the Company sold and issued $85.0 million in aggregate principal amount of 6.50% fixed-to-floating rate subordinated notes due 2036 (the “Notes”) in a private placement transaction.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1624322/000143774926011154/0001437749-26-011154-index.htm","comparable_excerpt":"Item 1.01. Entry into a Material Definitive Agreement. On May 27, 2026 (the \" Closing Date \"), BlackRock TCP Capital Corp. (the \" Company \"), through its subsidiary, completed a $535,780,000 securitization of certain loans held by a subsidiary of the Company (the \" CLO Transaction \"). On the Closing Date and in connection with the CLO Transaction, BlackRock DLF 2026-C","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1370755/000114036126023577/0001140361-26-023577-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}