secwatch.observer — SEC 8-K summary
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Issuer:     UNIVEST FINANCIAL Corp (UVSP)
CIK:        0000102212
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001193125-25-269732
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Univest issues $50M 6.00% subordinated notes due 2035, plans to redeem $80M existing notes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102212/000119312525269732/0001193125-25-269732-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102212/000119312525269732/d64897d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-269732

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