secwatch.observer — SEC 8-K summary
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Issuer:     UNIVEST FINANCIAL Corp (UVSP)
CIK:        0000102212
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001193125-22-285793
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Univest Financial closes $50M subordinated notes offering at 7.25% fixed rate
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- Issued $50M aggregate principal of 7.25% Fixed-to-Floating Rate Subordinated Notes due 2032.
- Fixed rate of 7.25% payable semi-annually through Nov 15, 2027; then floating at 3-month SOFR + 309.8 bps.
- Notes subordinated; issued under shelf registration statement on Form S-3 (File No. 333-253668).
- Indenture with U.S. Bank Trust Company as trustee dated Nov 15, 2022.
- Proceeds from offering used for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102212/000119312522285793/0001193125-22-285793-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102212/000119312522285793/d350861d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-285793

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