{"filing":{"accession_number":"0001104659-26-099244","cik":"0001108134","ticker":"BBT","company_name":"Beacon Financial Corp","form":"8-K","filing_date":"2026-08-20","report_date":"2026-08-17","primary_document":"tm2623534d1_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1108134/000110465926099244/tm2623534d1_8k.htm"},"events":[{"id":28908,"run_id":26455,"accession_number":"0001104659-26-099244","anchor_item_number":"1.01","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"summary":"Beacon Financial Corporation completed the issuance and sale of $175 million aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036 on August 20, 2026, with net proceeds of approximately $171.8 million intended for redemption of prior notes and general corporate purposes.","company_name":"Beacon Financial Corp","ticker":"BBT","filing_date":"2026-08-20","form":"8-K","submitted_at":null,"items":[{"id":30993,"accession_number":"0001104659-26-099244","item_number":"1.01","item_title":"Entry Into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.98,"reasoning":"Beacon Financial Corporation completed the issuance and sale of $175 million aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036 on August 20, 2026, pursuant to an underwriting agreement. This is a material creation of a direct financial obligation—a debt issuance—with net proceeds of approximately $171.8 million intended for redemption of prior notes and general corporate purposes. The filing explicitly discloses the terms of the subordinated indenture, interest rates, maturity date, and redemption provisions.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-20T20:32:15.879956+00:00","company_name":"","ticker":null,"filing_date":""},{"id":30994,"accession_number":"0001104659-26-099244","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Item 2.03 is the dedicated disclosure item for creation of direct financial obligations, typically debt issuances. The filing incorporates Item 1.01 by reference, which commonly covers material acquisitions or significant transactions that create new debt obligations. Without the full Item 1.01 text, the most probable event is a debt issuance or credit facility arrangement, which would be material to investors assessing the registrant's capital structure and leverage.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-20T20:32:15.879956+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":28909,"run_id":26455,"accession_number":"0001104659-26-099244","anchor_item_number":"8.01","event_type":"financial_other","event_domain":"financial","is_material":false,"confidence":0.85,"summary":"Beacon Financial Corporation redeemed $75 million aggregate principal amount of 6.0% Fixed-to-Floating Rate Subordinated Notes due 2029 at par plus accrued interest, representing routine debt management and retirement of existing obligations.","company_name":"Beacon Financial Corp","ticker":"BBT","filing_date":"2026-08-20","form":"8-K","submitted_at":null,"items":[{"id":30995,"accession_number":"0001104659-26-099244","item_number":"8.01","item_title":"Other Events.","event_type":"debt_issuance","event_domain":"financial","is_material":false,"confidence":0.35,"reasoning":"The disclosure describes redemption of existing subordinated notes ($75 million 6.0% Fixed-to-Floating Rate Subordinated Notes due 2029) at par plus accrued interest. While debt-related, this is a redemption (retirement) of existing debt rather than issuance of new debt. The event is routine debt management and does not create a new financial obligation or materially alter the company's capital structure.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-20T20:32:15.879956+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":30993,"accession_number":"0001104659-26-099244","item_number":"1.01","item_title":"Entry Into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.98,"reasoning":"Beacon Financial Corporation completed the issuance and sale of $175 million aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036 on August 20, 2026, pursuant to an underwriting agreement. This is a material creation of a direct financial obligation—a debt issuance—with net proceeds of approximately $171.8 million intended for redemption of prior notes and general corporate purposes. The filing explicitly discloses the terms of the subordinated indenture, interest rates, maturity date, and redemption provisions.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-20T20:32:15.879956+00:00","company_name":"Beacon Financial Corp","ticker":"BBT","filing_date":"2026-08-20"},{"id":30994,"accession_number":"0001104659-26-099244","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Item 2.03 is the dedicated disclosure item for creation of direct financial obligations, typically debt issuances. The filing incorporates Item 1.01 by reference, which commonly covers material acquisitions or significant transactions that create new debt obligations. Without the full Item 1.01 text, the most probable event is a debt issuance or credit facility arrangement, which would be material to investors assessing the registrant's capital structure and leverage.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-20T20:32:15.879956+00:00","company_name":"Beacon Financial Corp","ticker":"BBT","filing_date":"2026-08-20"},{"id":30995,"accession_number":"0001104659-26-099244","item_number":"8.01","item_title":"Other Events.","event_type":"debt_issuance","event_domain":"financial","is_material":false,"confidence":0.35,"reasoning":"The disclosure describes redemption of existing subordinated notes ($75 million 6.0% Fixed-to-Floating Rate Subordinated Notes due 2029) at par plus accrued interest. While debt-related, this is a redemption (retirement) of existing debt rather than issuance of new debt. The event is routine debt management and does not create a new financial obligation or materially alter the company's capital structure.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-20T20:32:15.879956+00:00","company_name":"Beacon Financial Corp","ticker":"BBT","filing_date":"2026-08-20"}]}