{"schema_version":"secwatch.filing_event.v1","accession":"0002077096-25-000094","form_type":"8-K","ticker":"HBNC","cik":"0000706129","company_name":"HORIZON BANCORP INC /IN/","filed_at":"2025-08-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.184174+00:00","generated_at":"2026-05-17T09:20:54.513888+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Horizon Bancorp issues $100M in 7% subordinated notes due 2035; to redeem $56.5M of 5.625% notes","bullets":["Issued $100M aggregate principal of 7.00% Fixed-to-Floating Rate Subordinated Notes due 2035 in a private placement.","Initially 7.00% fixed interest through Sept 15, 2030, then three-month SOFR + 360bps quarterly floating rate.","Net proceeds used for general corporate purposes, balance sheet repositioning, and to redeem $56.5M of 5.625% notes due 2030.","Notes qualify as Tier 2 capital for regulatory capital purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0002077096-25-000094","json":"https://secwatch.observer/filing/0002077096-25-000094.json","markdown":"https://secwatch.observer/filing/0002077096-25-000094.md","text":"https://secwatch.observer/filing/0002077096-25-000094.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/706129/000207709625000094/0002077096-25-000094-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/706129/000207709625000094/ea0254779-8k_horizon.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T09:20:54.513888+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":"c8d0554323296627267897ca1e00d7cfb653bb98","claim":"HORIZON BANCORP INC /IN/ incurred senior notes of $100.0 million with Wilmington Trust, National Association, as trustee at 7.00% Fixed-to-Floating maturing September 15, 2035.","evidence_excerpt":"On August 29, 2025, Horizon Bancorp, Inc. (the “ Company ”) entered into a Subordinated Note Purchase Agreement (the “ Note Purchase Agreement ”) pursuant to which the Company issued and sold $100.0 million in aggregate principal amount of its 7.00% Fixed-to-Floating Rate Subordinated Notes due September 15, 2035","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/706129/000207709625000094/0002077096-25-000094-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$100.0 million"},{"label":"Counterparty","value":"Wilmington Trust, National Association, as trustee"},{"label":"Rate","value":"7.00% Fixed-to-Floating"},{"label":"Maturity","value":"September 15, 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"}