---
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"
generated_at: "2026-05-17T06:48:37.588878+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Simmons First National closes $325M subordinated notes offering; proceeds to repay $330M 2028 notes

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-202217
- JSON: https://secwatch.observer/filing/0001193125-25-202217.json
- Plain text: https://secwatch.observer/filing/0001193125-25-202217.txt

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