secwatch.observer — SEC 8-K summary
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Issuer:     HORIZON BANCORP INC /IN/ (HBNC)
CIK:        0000706129
Form:       8-K
Filed at:   2025-08-29T23:59:59+00:00
Accession:  0002077096-25-000094
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706129/000207709625000094/0002077096-25-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706129/000207709625000094/ea0254779-8k_horizon.htm
  HTML page:      https://secwatch.observer/filing/0002077096-25-000094

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