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

Simmons First closes $325 million subordinated notes offering, repaying $330 million 2028 notes

Neutral Impact 3 of 5 financing Written later

Simmons First National completed a $325 million offering of 6.25% fixed-to-floating rate subordinated notes due 2035, netting about $321.3 million. The company plans to use the proceeds, with cash on hand, to repay its $330 million 2028 Notes on October 1, 2025, and for general corporate purposes, with the notes intended to count as Tier 2 regulatory capital.

Key points

  • Offering size: $325 million aggregate principal of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2035
  • Net proceeds of approximately $321.3 million after underwriting discounts and estimated offering expenses
  • Planned repayment in full of $330 million 2028 Notes on October 1, 2025
  • Fixed rate of 6.25% until October 1, 2030, then floating at Three-Month Term SOFR plus 302 basis points until 2035

The filing

CompanySimmons First National (SFNC)
Form8-K, current report
Filed with the SECSep 12, 2025, 4:15 PM ET
Accession number0001193125-25-202217

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

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 12, 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.