---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-199266"
form_type: "8-K"
ticker: "SFNC"
cik: "0000090498"
company_name: "SIMMONS FIRST NATIONAL CORP"
filed_at: "2025-09-09T23:59:59+00:00"
generated_at: "2026-05-17T07:26:25.760746+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Simmons First National prices $325M subordinated notes at 6.25%; to repay 2028 notes

## Summary
- Priced $325M 6.25% Fixed-to-Floating Rate Subordinated Notes due 2035 at 100% par.
- Net proceeds approximated $321.3M after discounts and expenses; expected close Sept 12, 2025.
- Proceeds, plus cash, to repay $330M of 5.00% Fixed-to-Floating Subordinated Notes due 2028.
- Underwriters: Keefe, Bruyette & Woods (KBW) and Morgan Stanley; co-managers include Piper Sandler, Raymond James, Stephens.
- Fixed rate period through Oct 1, 2030; then floating rate at 3-month SOFR + 302 bps quarterly.

## SEC filing metadata
- accession: 0001193125-25-199266
- form_type: 8-K
- ticker: SFNC
- cik: 0000090498
- company_name: SIMMONS FIRST NATIONAL CORP
- filed_at: 2025-09-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/90498/000119312525199266/0001193125-25-199266-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/90498/000119312525199266/d58948d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-199266
- JSON: https://secwatch.observer/filing/0001193125-25-199266.json
- Plain text: https://secwatch.observer/filing/0001193125-25-199266.txt

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