UNIVEST FINANCIAL Corp (UVSP): debt financing — Univest issues $50M 6.00% subordinated notes due 2035, plans to redeem $80M existing notes

UNIVEST FINANCIAL Corp

Closed $50M private placement of 6.00% fixed-to-floating rate subordinated notes due November 15, 2035.
Proceeds will redeem $80M of outstanding 5.00% subordinated notes due 2030 (currently 9.15% floating rate).
Notes qualify as Tier 2 capital for regulatory purposes; maturity Nov 2035, first five years fixed at 6.00%.
Redemption of $80M notes expected on or about November 15, 2025 at 100% principal plus accrued interest.
Piper Sandler & Co. served as sole placement agent for the offering.

item 1.01 item 2.03 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

UNIVEST FINANCIAL Corp incurred senior notes of $50.0 million at 6.00% Fixed-to-Floating Rate maturing November 15, 2035.

Instrument: senior notes
Principal: $50.0 million
Rate: 6.00% Fixed-to-Floating Rate
Maturity: November 15, 2035
Event: incurrence

Exact text from the filing

the Company issued $50.0 million in aggregate principal amount of its 6.00% Fixed-to-Floating Rate Subordinated Notes due 2035

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Source: SEC EDGAR

accession 0001193125-25-269732

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