{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-25-011698","form_type":"8-K","ticker":"SMBK","cik":"0001038773","company_name":"SMARTFINANCIAL INC.","filed_at":"2025-08-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.171414+00:00","generated_at":"2026-05-17T11:03:12.722326+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SmartFinancial issues $100M of 7.25% subordinated notes due 2035; to redeem up to $40M of 2028 notes","bullets":["Sold $100M aggregate principal of 7.25% Fixed-to-Floating Rate Subordinated Notes due 2035 at 100% of face value.","Interest fixed at 7.25% until Sep 1, 2030, then resets quarterly at 3-month SOFR plus 385 basis points.","Net proceeds for general corporate purposes, including redemption of up to $40M of outstanding 5.625% Notes due 2028.","Notes are unsecured, subordinated, qualify as Tier 2 capital; mature Sep 1, 2035; redeemable at par on/after Sep 1, 2030.","Issued via private placement under Section 4(a)(2) and Rule 506(b); registration rights agreement to allow exchange."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-25-011698","json":"https://secwatch.observer/filing/0001558370-25-011698.json","markdown":"https://secwatch.observer/filing/0001558370-25-011698.md","text":"https://secwatch.observer/filing/0001558370-25-011698.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1038773/000155837025011698/0001558370-25-011698-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1038773/000155837025011698/smbk-20250820x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T11:03:12.722326+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":"6e92c7e5d6099a951375c59dc9c128959d16588b","claim":"SMARTFINANCIAL INC. incurred senior notes of $100.0 million with certain institutional accredited investors and qualified institutional buyers at 7.25% per year maturing September 1, 2035.","evidence_excerpt":"On August 20, 2025, SmartFinancial, 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 $100.0 million in aggregate principal amount of its 7.25% 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/1038773/000155837025011698/0001558370-25-011698-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$100.0 million"},{"label":"Counterparty","value":"certain institutional accredited investors and qualified institutional buyers"},{"label":"Rate","value":"7.25% per year"},{"label":"Maturity","value":"September 1, 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"}