Business
SIMMONS FIRST NATIONAL CORPORATION ANNOUNCES PRICING OF OFFERING OF COMMON STOCK
PINE BLUFF, Ark., July 22, 2025 /PRNewswire/ -- Simmons First National Corporation (NASDAQ: SFNC) (the "Company" or "Simmons"), parent company of Simmons
About this update from Simmons First National Corporation
[{"type":"text","content":"PINE BLUFF, Ark., July 22, 2025 /PRNewswire/ -- Simmons First National Corporation (NASDAQ: SFNC) (the \"Company\" or \"Simmons\"), parent company of Simmons Bank, today announced the pricing of its public offering of 16,220,000 shares of the Company's Class A common stock, at a price to the public of $18.50 per share, for an aggregate offering amount of $300,070,000. In addition, the Company has granted to the underwriters a 30-day option to purchase up to an additional 2,433,000 shares of the Company's Class A common stock at the public offering price, less underwriting discounts.\n\n \n \n \n \n \n \n\n \nSimmons intends to use the net proceeds from the offering for general corporate purposes, which may include investments in Simmons Bank to support a potential balance sheet repositioning and continued growth.\nStephens Inc., Keefe, Bruyette & Woods, A Stifel Company and Morgan Stanley are acting as joint book-running managers for the offering. Raymond James & Associates, Inc. and Robert W. Baird & Co. Incorporated are acting as co-managers for the offering.\nThe Company expects to close the offering, subject to customary conditions, on or about July 23, 2025.\nThe offering is being made pursuant to an effective automatic shelf registration statement (including a prospectus) on Form S-3ASR (File No. 333-279502) previously filed with the Securities and Exchange Commission (\"SEC\"). The offering may be made only by means of a prospectus supplement and accompanying prospectus. Before investing, interested parties should read the prospectus supplement, accompanying prospectus and other documents filed by the Company with the SEC for information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, a copy of the prospectus supplement and accompanying prospectus may be obtained from any of the following underwriters at: Stephens Inc. by telephone at (800) 643-9691 or by email at [email protected]; Keefe, Bruyette & Woods, A Stifel Company by telephone at (800) 966-1559 or by e-mail at [email protected]; Morgan Stanley by mail at Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of, or a...