---
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"
generated_at: "2026-05-17T11:03:12.722326+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SmartFinancial issues $100M of 7.25% subordinated notes due 2035; to redeem up to $40M of 2028 notes

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-011698
- JSON: https://secwatch.observer/filing/0001558370-25-011698.json
- Plain text: https://secwatch.observer/filing/0001558370-25-011698.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: $100.0 million
  - Counterparty: certain institutional accredited investors and qualified institutional buyers
  - Rate: 7.25% per year
  - Maturity: September 1, 2035
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1038773/000155837025011698/0001558370-25-011698-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.