---
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"
generated_at: "2026-05-17T09:20:54.513888+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Horizon Bancorp issues $100M in 7% subordinated notes due 2035; to redeem $56.5M of 5.625% notes

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002077096-25-000094
- JSON: https://secwatch.observer/filing/0002077096-25-000094.json
- Plain text: https://secwatch.observer/filing/0002077096-25-000094.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: $100.0 million
  - Counterparty: Wilmington Trust, National Association, as trustee
  - Rate: 7.00% Fixed-to-Floating
  - Maturity: September 15, 2035
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/706129/000207709625000094/0002077096-25-000094-index.htm

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