---
schema_version: "secwatch.filing_event.v1"
accession: "0001505732-22-000189"
form_type: "8-K"
ticker: "BWFG"
cik: "0001505732"
company_name: "Bankwell Financial Group, Inc."
filed_at: "2022-08-19T23:59:59+00:00"
generated_at: "2026-06-23T22:30:57.150636+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Bankwell issues $35M of 6.0% subordinated notes due 2032 for Tier 2 capital

## Summary
- Issued $35.0 million aggregate principal amount of 6.0% fixed-to-floating rate subordinated notes due September 1, 2032.
- Notes bear fixed rate of 6.0% for first five years, then float at three-month Term SOFR + 326 bps through maturity.
- Qualify as Tier 2 capital for regulatory purposes; unsecured, subordinated, and not guaranteed by any subsidiary.
- Proceeds used for general corporate purposes; notes not convertible or subject to sinking fund.
- Company may redeem notes at 100% of principal plus accrued interest on or after fifth anniversary or earlier in limited circumstances.

## SEC filing metadata
- accession: 0001505732-22-000189
- form_type: 8-K
- ticker: BWFG
- cik: 0001505732
- company_name: Bankwell Financial Group, Inc.
- filed_at: 2022-08-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1505732/000150573222000189/0001505732-22-000189-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505732/000150573222000189/bwfg-20220819.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505732-22-000189
- JSON: https://secwatch.observer/filing/0001505732-22-000189.json
- Plain text: https://secwatch.observer/filing/0001505732-22-000189.txt

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