secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSEY CORP /NV/ (BUSE)
CIK:        0000314489
Form:       8-K
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0001104659-25-048211
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314489/000110465925048211/0001104659-25-048211-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314489/000110465925048211/tm2514597d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-048211

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