Simmons First National Announces $325 Million Note Offering to Optimize Capital Structure

Simmons First National Moves to Optimize Capital Structure with New Note Offering

Simmons First National Corporation announces a significant step in its financial strategy with a public underwritten offering of $325 million in 6.25% Fixed-to-Floating Rate Subordinated Notes due 2035. Priced at par, the offering is strategically designed to repay the outstanding $330 million principal of the Fixed-to-Floating Rate Subordinated Notes due 2028, thereby optimizing the company’s capital structure. This financial maneuver is expected to enhance the company’s long-term financial health and shareholder value. The offering is managed by Keefe, Bruyette & Woods and Morgan Stanley, with additional support from Piper Sandler & Co., Raymond James & Associates, Inc., and Stephens Inc. as co-managers.

The anticipated closing date for this offering is around September 12, 2025, pending customary conditions. The issuance will proceed under a Subordinated Indenture with Wilmington Trust, National Association, acting as trustee, although it is important to note that the Notes are not guaranteed by any of Simmons’ subsidiaries. This offering is made under an effective automatic shelf registration statement previously filed with the Securities and Exchange Commission (SEC), ensuring compliance with regulatory standards. Investors interested in participating are encouraged to consult the prospectus supplement and related documents available through the SEC’s EDGAR database or from the underwriters.

Simmons First National’s decision to engage in this public offering underscores a commitment to strategic financial management. By repaying older notes, the company not only reduces its interest burden but also positions itself for future growth opportunities. This proactive approach in managing its debt portfolio reflects Simmons First National's ongoing efforts to enhance its financial stability and operational flexibility, ultimately benefiting its stakeholders and the wider community.

In addition to its financial initiatives, Simmons Bank is gearing up for the inaugural Caddie Shootout event, scheduled for October 21, 2025. This unique competition at Pleasant Valley Country Club will feature PGA TOUR Champions caddies competing in a thrilling alternate-shot format. Ticket sales are already underway, with a focus on creating an engaging atmosphere for attendees.

The Caddie Shootout is part of the larger Simmons Bank Championship, which aims to leave a significant charitable impact in the community. Set to take place from October 20-26, 2025, this event will also showcase a competitive field of 54 players and a purse of $2.3 million, further solidifying Simmons Bank’s commitment to community engagement and support through sports.