{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-25-008830","form_type":"8-K","ticker":"BWB","cik":"0001341317","company_name":"Bridgewater Bancshares Inc","filed_at":"2025-06-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.023902+00:00","generated_at":"2026-05-18T22:10:21.541608+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Bridgewater Bancshares issues $80M of 7.625% sub notes due 2035, to redeem $50M of 5.25% notes","bullets":["Issued $80M aggregate principal of 7.625% Fixed-to-Floating Rate Subordinated Notes due 2035 at par.","Interest fixed at 7.625% through June 2030, then resets quarterly to 3-month SOFR + 388 bps.","Proceeds to redeem $50M of outstanding 5.25% Subordinated Notes due 2030 plus general corporate purposes.","Notes qualify as Tier 2 capital; redeemable in whole or part on/after June 30, 2030.","Private placement under Rule 506(b); Piper Sandler lead placement agent."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-25-008830","json":"https://secwatch.observer/filing/0001558370-25-008830.json","markdown":"https://secwatch.observer/filing/0001558370-25-008830.md","text":"https://secwatch.observer/filing/0001558370-25-008830.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1341317/000155837025008830/0001558370-25-008830-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1341317/000155837025008830/bwb-20250624x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T22:10:21.541608+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f1d36c09613371546d282fe23ee2e1a4b84d268c","claim":"Bridgewater Bancshares Inc incurred senior notes of $80.0 million with certain institutional accredited investors and qualified institutional buyers at 7.625% Fixed-to-Floating Rate maturing June 30, 2035.","evidence_excerpt":"On June 24, 2025, Bridgewater Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with certain institutional accredited investors and qualified institutional buyers (the “Purchasers”) pursuant to which the Company sold and issued $80.0 million in aggregate principal amount of its 7.625% Fixed-to-Floating Rate Subordinated Notes due 2035 (the “Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1341317/000155837025008830/0001558370-25-008830-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$80.0 million"},{"label":"Counterparty","value":"certain institutional accredited investors and qualified institutional buyers"},{"label":"Rate","value":"7.625% Fixed-to-Floating Rate"},{"label":"Maturity","value":"June 30, 2035"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}