Burke & Herbert Financial Services prices USD 100 million subordinated notes offering

Bitget2026/09/28 19:37

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Burke & Herbert Financial Services priced a USD 100 million public offering of 7.00% Fixed-to-Floating Rate Subordinated Notes due 2036.
Notes priced at 100% of principal; expected to close Sept. 30.
Coupon set at 7.00% through Oct. 1, 2031; then floats at three-month term SOFR + 222 basis points.
Proceeds earmarked for refinancing outstanding subordinated debt; remaining funds for general corporate purposes, including bank growth capital.
Issuer may redeem starting Oct. 1, 2031 at par; earlier redemption permitted upon specified events.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Burke & Herbert Financial Services Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609281536PRIMZONEFULLFEED9835323) on September 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Burke & Herbert Financial Services prices USD 100 million subordinated notes offering

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