BHRB · Burke & Herbert Financial Services Corp.
8-K · Item 1.01 — Material agreement
BHRB completed a $100M subordinated notes offering at 7.00% fixed-to-floating rate due 2036. Proceeds will refinance higher-cost debt ($42.6M maturing 2028–2030) and support bank growth, improving capital structure and reducing interest expense.
No notable change in AIR's read.