secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSEY CORP /NV/ (BUSE)
CIK:        0000314489
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0000314489-25-000188
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

First Busey issues conditional redemption notice for $125M subordinated notes due 2030
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- Busey gives notice to redeem all $125M of 5.25% subordinated notes due 2030 at par plus accrued interest.
- Redemption price totals ~$128.3M assuming June 1, 2025 redemption date, including accrued interest.
- Redemption conditioned on completion of financing transactions and Federal Reserve approval; notice may be rescinded.
- If conditions satisfied, redemption occurs on June 1, 2025 or later interest payment date up to Sept 1, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314489/000031448925000188/0000314489-25-000188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314489/000031448925000188/buse-20250430.htm
  HTML page:      https://secwatch.observer/filing/0000314489-25-000188

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer