Horizon Bancorp, Inc. Announces Completion of $100 Million Subordinated Notes Offering

Core Viewpoint - Horizon Bancorp, Inc. has completed a private placement of $100 million in subordinated notes, which will be used for general corporate purposes and to redeem existing subordinated notes [1][2]. Group 1: Financial Details - The newly issued subordinated notes have a fixed interest rate of 7.00% until September 15, 2030, after which the rate will transition to a floating rate based on the three-month term Secured Overnight Financing Rate (SOFR) plus 360 basis points [2]. - The notes are redeemable in whole or in part starting from September 15, 2030, and are structured to qualify as Tier 2 capital for regulatory purposes [2]. Group 2: Company Overview - Horizon Bancorp, Inc. is a commercial bank holding company with assets totaling $7.7 billion as of June 30, 2025, serving customers in the Midwest through digital tools and physical branches [5]. - The bank offers a range of services including residential and secured consumer lending, personal banking, wealth management, business banking, and treasury management [5].