secwatch.observer — SEC 8-K summary
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Issuer:     Bridgewater Bancshares Inc (BWB)
CIK:        0001341317
Form:       8-K
Filed at:   2025-06-24T23:59:59+00:00
Accession:  0001558370-25-008830
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bridgewater Bancshares issues $80M of 7.625% sub notes due 2035, to redeem $50M of 5.25% notes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1341317/000155837025008830/0001558370-25-008830-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1341317/000155837025008830/bwb-20250624x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-008830

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer