---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-279944"
form_type: "8-K"
ticker: "UVSP"
cik: "0000102212"
company_name: "UNIVEST FINANCIAL Corp"
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T02:37:52.822395+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Univest prices $50M subordinated notes offering at 7.25% fixed-to-floating rate

## Summary
- Issued $50M aggregate principal of 7.25% Fixed-to-Floating Rate Subordinated Notes due 2032.
- Interest fixed at 7.25% until Nov 15, 2027; then floating at 3-month SOFR + 309.8 bps.
- Net proceeds estimated at ~$49.0M after underwriting discount and expenses.
- Proceeds to be used for general corporate purposes; close expected Nov 15, 2022.
- U.S. Bancorp Investments acting as sole book-runner; KBW and PNC Capital Markets as co-managers.

## SEC filing metadata
- accession: 0001193125-22-279944
- form_type: 8-K
- ticker: UVSP
- cik: 0000102212
- company_name: UNIVEST FINANCIAL Corp
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102212/000119312522279944/0001193125-22-279944-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102212/000119312522279944/d364686d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-279944
- JSON: https://secwatch.observer/filing/0001193125-22-279944.json
- Plain text: https://secwatch.observer/filing/0001193125-22-279944.txt

## Key facts
- Material Agreements
  UNIVEST FINANCIAL Corp entered into Underwriting Agreement with U.S. Bancorp Investments, Inc., as representative of the underwriters valued at $50.0 million (effective 2022-11-07).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: U.S. Bancorp Investments, Inc., as representative of the underwriters
  - Value: $50.0 million
  - Effective: 2022-11-07
  source text: On November 7, 2022, Univest Financial Corporation (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with U.S. Bancorp Investments, Inc., as representative of the underwriters named in Schedule A thereto (the “Underwriters”). Pursuant to the terms of the Underwriting Agreement, the Company agreed to sell, and the Underwriters agreed to purchase, subject to and on the conditions set forth therein, $50.0 million aggregate principal amount of the Company’s 7.25% Fixed-to-Floating Rate Subordinated Notes due 2032 (the “Notes”) in a registered public offering pursuant to an effective shelf registration statement on Form S-3 (Registration File No. 333-253668).
  evidence_url: https://www.sec.gov/Archives/edgar/data/102212/000119312522279944/0001193125-22-279944-index.htm

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