Simmons First National Corporation announced the pricing of its public underwritten offering of $325 million aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2035.
The company intends to use the net proceeds to repay its outstanding $330 million principal amount of Fixed-to-Floating Rate Subordinated Notes due 2028 and for general corporate purposes.
The offering is expected to close on or about September 12, 2025, subject to customary conditions.
Offering Details
$325 million aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2035 priced at par.
Use of Proceeds
Intends to repay $330 million of outstanding 2028 Notes and for general corporate purposes.
Underwriters
Keefe, Bruyette & Woods, Morgan Stanley, Piper Sandler, Raymond James & Associates, and Stephens Inc. are involved in the offering.
- Simmons Bank, the principal subsidiary, operates over 220 branches in multiple states.
- Recognized as one of America's Best Regional Banks and as one of America's Best-In-State Banks.
- The offering aims to strengthen the company's financial position and support future growth initiatives.
Simmons First National Corporation's strategic offering of Subordinated Notes reflects its commitment to financial stability and growth. The successful pricing and intended use of proceeds indicate a positive outlook for the company's future endeavors.