---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-048211"
form_type: "8-K"
ticker: "BUSE"
cik: "0000314489"
company_name: "FIRST BUSEY CORP /NV/"
filed_at: "2025-05-14T23:59:59+00:00"
generated_at: "2026-05-21T11:16:48.668606+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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'.

## SEC filing metadata
- accession: 0001104659-25-048211
- form_type: 8-K
- ticker: BUSE
- cik: 0000314489
- company_name: FIRST BUSEY CORP /NV/
- filed_at: 2025-05-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314489/000110465925048211/0001104659-25-048211-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314489/000110465925048211/tm2514597d4_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-048211
- JSON: https://secwatch.observer/filing/0001104659-25-048211.json
- Plain text: https://secwatch.observer/filing/0001104659-25-048211.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.