The transaction is sourced from an SEC filing published on August 19, 2026, through SEC EDGAR. The specific form type has not been identified in the available documentation. The deal currently holds pending-regulatory status, indicating that it has not yet closed and remains subject to regulatory approval or other outstanding conditions before completion.
Beacon Financial has retained three joint book-running managers to lead the subordinated notes offering: Keefe, Bruyette & Woods, A Stifel Company, and Piper Sandler & Co., all functioning in lead capacity. Additionally, Hovde Group has been engaged as a co-manager to the issuer, assisting in the distribution and placement effort. The participation of these four firms across lead and co-manager roles reflects a broad syndication approach typical of institutional-scale debt offerings, with the three leads bearing primary responsibility for bookbuilding and pricing while the co-manager provides supporting distribution capacity.
No legal advisors have been identified in the available documentation for this transaction.
The transaction involves an issuance of $175,000,000 in subordinated notes. Beyond the disclosed principal amount, no additional structural details have been disclosed regarding the specific terms of the notes, including coupon rate, maturity date, tenor, or any call features, step-up provisions, or other embedded optionality that may be present in the final security.
The closing date for this offering has not been disclosed. The specific form type of the SEC filing has not been identified. The coupon rate, maturity date, and other detailed terms of the subordinated notes, including any step-up features, call protection, or other structural provisions, remain undisclosed. Consideration structure, to the extent it differs from a standard cash notes issuance, has not been specified.