secwatch.observer — SEC 8-K summary
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Issuer:     SIMMONS FIRST NATIONAL CORP (SFNC)
CIK:        0000090498
Form:       8-K
Filed at:   2025-09-09T23:59:59+00:00
Accession:  0001193125-25-199266
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90498/000119312525199266/0001193125-25-199266-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90498/000119312525199266/d58948d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-199266

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