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SIMMONS FIRST NATIONAL CORPORATION ANNOUNCES PRICING OF OFFERING OF SUBORDINATED NOTES
PINE BLUFF, Ark., Sept. 9, 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., Sept. 9, 2025 /PRNewswire/ -- Simmons First National Corporation (NASDAQ: SFNC) (the \"Company\" or \"Simmons\"), parent company of Simmons Bank, today announced the pricing of its public underwritten offering and sale of $325 million aggregate principal amount of its 6.25% Fixed-to-Floating Rate Subordinated Notes due 2035 (the \"Notes\"). The Notes were priced at par.\n\n \n \n \n \n \n \n\n \nThe Company intends to use the net proceeds from the Offering, along with cash on hand, to repay in full the Company's outstanding $330 million principal amount of its Fixed-to-Floating Rate Subordinated Notes due 2028 (the \"2028 Notes\"), and for general corporate purposes.\nKeefe, Bruyette & Woods, A Stifel Company and Morgan Stanley are acting as joint book-running managers for the offering. Piper Sandler & Co., Raymond James & Associates, Inc. and Stephens Inc. are acting as co-managers for the offering.\nThe Company expects to close the offering, subject to customary conditions, on or about September 12, 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. The Notes will be issued pursuant to the Subordinated Indenture, dated as of March 26, 2018 (the \"Base Indenture\"), by and between the Company and Wilmington Trust, National Association, as trustee (the \"Trustee\"), as supplemented by a Second Supplemental Indenture (the \"Second Supplemental Indenture\" and, together with the Base Indenture, the \"Indenture\"), to be entered into by and between the Company and the Trustee. The Notes are not obligations of, and are not, and will not be, guaranteed by any of the Company's subsidiaries.\nBefore 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: Keefe, Bruyette & Woods, A S...