Short answer
PEAPACK GLADSTONE FINANCIAL CORP (PGC) filed an 8-K current report with the SEC on March 2, 2026 reporting Item 8.01 (Other Events). Redeeming full $100M of 3.50% Fixed-to-Floating Rate Subordinated Notes due 2030 at par (100% of principal).
PEAPACK GLADSTONE FINANCIAL CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 8.01 · Other Events
- Redeeming full $100M of 3.50% Fixed-to-Floating Rate Subordinated Notes due 2030 at par (100% of principal)
- Redemption date on or about March 2, 2026: eliminates future floating-rate interest cost risk post fixed-rate period
- At 3.50%, retiring below-market-rate debt may signal intent to refinance at current rates or reduce leverage
- Company affirms "well capitalized" status post-redemption: no regulatory capital concern from the paydown
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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