secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSEY CORP /NV/ (BUSE)
CIK:        0000314489
Form:       8-K
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0001104659-25-051061
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Busey closes public offering of 8.6M depositary shares for 8.25% Series B Preferred, netting $207.5M
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- Issued 8,600,000 depositary shares, each representing 1/40th interest in a share of 8.25% Series B Non-Cumulative Perpetual Preferred Stock (liquidation preference $1,000 per share).
- Net proceeds of approximately $207.5 million after underwriting discounts and estimated expenses.
- Joint bookrunning managers: Piper Sandler, Morgan Stanley, Keefe Bruyette & Woods; co-manager: Janney Montgomery Scott.
- Company also notes anticipated merger of CrossFirst Bank into Busey Bank on June 20, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314489/000110465925051061/0001104659-25-051061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314489/000110465925051061/tm2514597d6_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-051061

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