Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
First Western Financial Inc incurred senior notes of $20,000,000 in aggregate principal amount with the purchasers named therein at 7.00% fixed rate until December 15, 2027, then Three-Month Term SOFR plus 328 bp maturing December 15, 2032.
- Instrument
- senior notes
- Principal
- $20,000,000 in aggregate principal amount
- Counterparty
- the purchasers named therein
- Rate
- 7.00% fixed rate until December 15, 2027, then Three-Month Term SOFR plus 328 bp
- Maturity
- December 15, 2032
- Event
- incurrence
Exact text from the filing
On December 5, 2022, First Western Financial, Inc. (the "Company") completed the issuance and sale (the "Offering") of $20,000,000 in aggregate principal amount of 7.00% Fixed-to-Floating Rate Subordinated Notes due 2032 (the "Notes") pursuant to Subordinated Note Purchase Agreement, dated December 5, 2022 (the "Note Purchase Agreement"), by and among the Company and the purchasers named therein (the "Purchasers").
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
First Western Financial Inc entered into Subordinated Note Purchase Agreement with the purchasers named therein valued at $20,000,000 (effective 2022-12-05).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- the purchasers named therein
- Value
- $20,000,000
- Effective
- 2022-12-05
Exact text from the filing
On December 5, 2022, First Western Financial, Inc. (the “Company”) completed the issuance and sale (the “Offering”) of $20,000,000 in aggregate principal amount of 7.00% Fixed-to-Floating Rate Subordinated Notes due 2032 (the “Notes”) pursuant to Subordinated Note Purchase Agreement, dated December 5, 2022 (the “Note Purchase Agreement”), by and among the Company and the purchasers named therein (the “Purchasers”).
View on SEC.gov