First Internet Bancorp (INBK): M&A transaction — First Internet Bancorp completes $836.9M loan portfolio sale to Blackstone affiliates

First Internet Bancorp

Sold $836.9M principal balance of single-tenant lease financing loans; net proceeds $794.2M after costs.
Remaining $27.9M of portfolio may be sold later subject to further review under the agreement.
Company entered into a servicing agreement to continue administering the sold loans for the purchasers.
Sale closed on September 18, 2025, as previously announced on September 5, 2025.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

First Internet Bancorp completed a disposition involving entities affiliated with Blackstone Real Estate Debt Strategies for $836.9 million aggregate principal balance (closed 2025-09-18).

Action: disposition
Counterparty: entities affiliated with Blackstone Real Estate Debt Strategies
Consideration: $836.9 million aggregate principal balance
Closing: 2025-09-18

Exact text from the filing

the Bank completed the sale of $836.9 million aggregate principal balance of the Portfolio (the “Sale”) on September 18, 2025 for net proceeds, after transaction costs, of $794.2 million

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First Internet Bancorp filing history →

Source: SEC EDGAR

accession 0001562463-25-000095

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