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AI brief of an SEC Form 8-K · National Bank Holdings (NBHC)

NBHC closes $150 million subordinated notes offering due 2036

Neutral Impact 3 of 5 financing Written later

National Bank Holdings Corporation sold $150 million of 5.875% fixed-to-floating rate subordinated notes due 2036, with net proceeds of about $147.3 million that it intends to use for general corporate purposes. The notes are intended to qualify as Tier 2 capital for regulatory purposes, and the offering size rose from an initial $100 million due to strong investor demand.

Key points

  • Principal amount of $150.0 million; sold at 100% of par with a 1.25% underwriting discount
  • Fixed 5.875% rate through February 15, 2031, then Three-Month Term SOFR plus 241 basis points until maturity on February 15, 2036
  • Offering closed February 11, 2026; Piper Sandler & Co. was sole book-running manager
  • Company may redeem the notes beginning February 15, 2031, or earlier upon a Tax Event or Tier 2 Capital Event

The filing

CompanyNational Bank Holdings (NBHC)
Form8-K, current report
Filed with the SECFeb 11, 2026, 4:16 PM ET
Accession number0001104659-26-013385

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 11, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.