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

• Burke & Herbert Financial Services priced a USD 100 million offering of 7.00% fixed-to-floating rate subordinated notes due 2036.
• Notes priced at 100% of principal; expected to close Sept. 30.
• Coupon fixed at 7.00% through Oct. 1, 2031; then resets quarterly to three-month term SOFR + 222 basis points.
• Proceeds earmarked for refinancing outstanding subordinated debt; company also flagged potential repayment of other notes or redemption of preferred stock.
• Issuer can redeem at par starting Oct. 1, 2031; 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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-112339), on September 30, 2026, and is solely responsible for the information contained therein.