secwatch.observer — SEC 8-K summary
======================================

Issuer:     UMB FINANCIAL CORP (UMBF)
CIK:        0000101382
Form:       8-K
Filed at:   2022-09-28T23:59:59+00:00
Accession:  0001193125-22-253287
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UMB Financial completes $110M subordinated notes offering at 6.25% fixed rate due 2032
--------------------------------------------------------------------------------

- Completed $110M aggregate principal of 6.250% Fixed-to-Fixed Rate Subordinated Notes due 2032.
- Interest fixed at 6.250% through Sept 28, 2027, then resets to 5-year UST rate + 2.298%.
- Notes are unsecured, subordinated, and rank equally with existing subordinated debt.
- Redeemable at par after reset date (Sept 2027) or within 3 months of maturity, subject to Fed approval.
- Issued under existing indenture with Computershare Trust as trustee; net proceeds for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101382/000119312522253287/0001193125-22-253287-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101382/000119312522253287/d375037d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-253287

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer