Busey prices 8.25% Series B preferred depositary shares; $200M gross proceeds

FIRST BUSEY CORP /NV/

Priced 8,000,000 depositary shares at $25 each, representing 1/40th interest in Series B Non-Cumulative Perpetual Preferred Stock.
Dividends at 8.25% per annum payable quarterly starting September 1, 2025; Busey may redeem at $25 per depositary share.
Net proceeds to redeem 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 and for general corporate purposes.
Joint bookrunners: Piper Sandler, Morgan Stanley, KBW; co-manager: Janney Montgomery Scott.
Expected to close on or about May 20, 2025; depositary shares to list on Nasdaq under symbol 'BUSEP'.

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