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AI brief of an SEC Form 8-K · Simmons First National (SFNC)

Simmons First prices $325 million 6.25% subordinated notes to refinance 2028 notes

Neutral Impact 3 of 5 financing Written later

Simmons First National Corporation agreed to sell $325 million of subordinated notes priced at par, with a 6.25% fixed rate through October 1, 2030. The company expects net proceeds of about $321.3 million, which it plans to use with cash on hand to repay in full its $330 million 5.00% 2028 Notes and for general corporate purposes. For shareholders, the filing describes a debt refinancing that replaces notes carrying a 5.00% rate with notes carrying a 6.25% initial rate.

Key points

  • Offering of $325 million aggregate principal of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2035, priced at par
  • Fixed rate of 6.25% until October 1, 2030, then Three-Month Term SOFR plus 302 basis points
  • Expected net proceeds of about $321.3 million, plus cash on hand, to repay the $330 million 5.00% 2028 Notes in full
  • Closing expected on or about September 12, 2025

The filing

CompanySimmons First National (SFNC)
Form8-K, current report
Filed with the SECSep 9, 2025, 5:21 PM ET
Accession number0001193125-25-199266

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 09, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.