{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-202217","form_type":"8-K","ticker":"SFNC","cik":"0000090498","company_name":"SIMMONS FIRST NATIONAL CORP","filed_at":"2025-09-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.650901+00:00","generated_at":"2026-05-17T06:48:37.588878+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Simmons First National closes $325M subordinated notes offering; proceeds to repay $330M 2028 notes","bullets":["Issued $325M aggregate principal of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2035; net proceeds ~$321.3M.","Proceeds to repay in full $330M Floating-to-Fixed Rate Subordinated Notes due 2028 on Oct 1, 2025, plus general corporate purposes.","Notes qualify as Tier 2 regulatory capital; fixed 6.25% through Oct 1, 2030, then floating at 3M SOFR + 302 bps.","Redeemable at Company's option on or after Oct 1, 2030; no acceleration except on bankruptcy/insolvency.","Notes are unsecured, subordinated obligations, structurally subordinated to subsidiary liabilities including Simmons Bank deposits."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-202217","json":"https://secwatch.observer/filing/0001193125-25-202217.json","markdown":"https://secwatch.observer/filing/0001193125-25-202217.md","text":"https://secwatch.observer/filing/0001193125-25-202217.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/90498/000119312525202217/0001193125-25-202217-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/90498/000119312525202217/d70505d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:48:37.588878+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}