secwatch.observer — SEC 8-K summary
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Issuer:     UNIVEST FINANCIAL Corp (UVSP)
CIK:        0000102212
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001193125-22-279944
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102212/000119312522279944/0001193125-22-279944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102212/000119312522279944/d364686d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-279944

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