03:59 PM EDT, 09/09/2025 (MT Newswires) -- Simmons First National ( SFNC ) said late Tuesday that it has priced a $325 million public offering of 6.25% fixed-to-floating rate subordinated notes due 2035 at par.

The offering is expected to close on Friday, subject to customary conditions, the company said.

Net proceeds, together with cash on hand, will be used to fully retire its $330 million subordinated notes due 2028 and for general corporate purposes, it added.

Shares of the company were down 1.7% in recent trading.

Price: 20.46, Change: -0.35, Percent Change: -1.69