secwatch.observer — SEC 8-K summary
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Issuer:     Business First Bancshares, Inc. (BFST)
CIK:        0001624322
Form:       8-K
Filed at:   2026-04-02T23:59:59+00:00
Accession:  0001437749-26-011154
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Business First Bancshares issues $85M subordinated notes due 2036 at 6.50% fixed rate
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624322/000143774926011154/0001437749-26-011154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624322/000143774926011154/bfbi20260402_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-011154

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