secwatch.observer — SEC 8-K summary
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Issuer:     UMB FINANCIAL CORP (UMBF)
CIK:        0000101382
Form:       8-K
Filed at:   2022-09-26T23:59:59+00:00
Accession:  0001193125-22-251372
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UMB Financial prices $110M 6.250% subordinated notes due 2032
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- $110M aggregate principal of Fixed-to-Fixed Rate Subordinated Notes due 2032 priced at 100% of face value.
- Interest: 6.250% fixed to Sept 2027, then 5-year UST + 2.298% to Sept 2032.
- Net proceeds ~$107.9M; used for general corporate purposes including Tier 1 capital to UMB Bank.
- Offering expected to close Sept 28, 2022; BofA Securities and J.P. Morgan are joint book-runners.
- Notes qualify as Tier 2 capital for regulatory purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101382/000119312522251372/0001193125-22-251372-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101382/000119312522251372/d399361d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-251372

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