secwatch.observer — SEC 8-K summary
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Issuer:     SIMMONS FIRST NATIONAL CORP (SFNC)
CIK:        0000090498
Form:       8-K
Filed at:   2025-09-12T23:59:59+00:00
Accession:  0001193125-25-202217
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90498/000119312525202217/0001193125-25-202217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90498/000119312525202217/d70505d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-202217

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