ACNB CORP (ACNB): debt financing — ACNB issues $15M of 5.875% subordinated notes due 2036

ACNB CORP

Sold $15M in aggregate principal of 5.875% fixed-to-floating rate subordinated notes due March 15, 2036.
Notes priced at 100% of face value; interest fixed at 5.875% until March 2031, then SOFR plus 245 bps.
Proceeds for general corporate purposes, including possible redemption of outstanding 4.00% notes due 2031.
Notes intended to qualify as Tier 2 capital under Federal Reserve Board guidelines.
Notes are unsecured, subordinated, and not redeemable before March 15, 2031 except in limited circumstances.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

ACNB CORP incurred senior notes of $15,000,000 in aggregate principal amount with certain institutional accredited investors and qualified institutional buyers at 5.875% fixed-to-floating rate maturing March 15, 2036.

Instrument: senior notes
Principal: $15,000,000 in aggregate principal amount
Counterparty: certain institutional accredited investors and qualified institutional buyers
Rate: 5.875% fixed-to-floating rate
Maturity: March 15, 2036
Event: incurrence

Exact text from the filing

the Company sold and issued $15,000,000 in aggregate principal amount of its 5.875% fixed-to-floating rate subordinated notes due March 15, 2036

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ACNB CORP entered into Subordinated Note Purchase Agreements with certain institutional accredited investors and qualified institutional buyers valued at $15,000,000 (effective 2026-03-12).

Action: entry
Agreement: notes offering
Counterparty: certain institutional accredited investors and qualified institutional buyers
Value: $15,000,000
Effective: 2026-03-12

Exact text from the filing

On March 12, 2026, ACNB Corporation (the "Company"), entered into Subordinated Note Purchase Agreements (the "Purchase Agreements") with certain institutional accredited investors and qualified institutional buyers (the "Purchasers") pursuant to which the Company sold and issued $15,000,000 in aggregate principal amount of its 5.875% fixed-to-floating rate subordinated notes due March 15, 2036

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ACNB CORP filing history →

Source: SEC EDGAR

accession 0001628280-26-017204

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