secwatch.observer — SEC 8-K summary
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Issuer:     First Western Financial Inc (MYFW)
CIK:        0001327607
Form:       8-K
Filed at:   2022-12-06T23:59:59+00:00
Accession:  0001558370-22-018400
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Western Financial completes $20M subordinated note offering at 7% fixed rate
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- Issued $20M aggregate principal of 7.00% Fixed-to-Floating Rate Subordinated Notes due 2032.
- Notes bear fixed 7.00% interest for 5 years, then float at 3-month SOFR + 328 bps.
- Proceeds to be used for general corporate purposes; notes qualify as Tier 2 capital.
- Company may redeem notes in whole or part on or after December 15, 2027.
- Keefe, Bruyette & Woods acted as sole placement agent for the offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327607/000155837022018400/0001558370-22-018400-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327607/000155837022018400/myfw-20221205x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-018400

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