---
schema_version: "secwatch.filing_event.v1"
accession: "0001505732-21-000218"
form_type: "8-K"
ticker: "BWFG"
cik: "0001505732"
company_name: "Bankwell Financial Group, Inc."
filed_at: "2021-10-18T23:59:59+00:00"
generated_at: "2026-06-28T20:16:42.535858+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Bankwell issues $35M subordinated notes at 3.25% fixed; redeems $15.5M 5.75% notes

## Summary
- Issued $35M 3.25% fixed-to-floating subordinated notes due 2031; interest fixed at 3.25% for first 5 years then SOFR+233bps.
- Proceeds used for general corporate purposes including redemption of $15.5M of 5.75% subordinated notes due 2025.
- Redeemed the $15.5M 5.75% notes on Nov 15, 2021 at par plus accrued interest.
- Notes are unsecured subordinated obligations structured to qualify as Tier 2 capital.
- Sold via private placement to an institutional accredited investor; not registered under Securities Act.

## SEC filing metadata
- accession: 0001505732-21-000218
- form_type: 8-K
- ticker: BWFG
- cik: 0001505732
- company_name: Bankwell Financial Group, Inc.
- filed_at: 2021-10-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1505732/000150573221000218/0001505732-21-000218-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505732/000150573221000218/bwfg-20211014.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505732-21-000218
- JSON: https://secwatch.observer/filing/0001505732-21-000218.json
- Plain text: https://secwatch.observer/filing/0001505732-21-000218.txt

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