Simmons First National prices $325M subordinated notes offering

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Simmons Bank logo sign on the office building in Clayton, MO, USA.

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Simmons First National (NASDAQ:SFNC) announced on Tuesday the pricing of a public underwritten offering of $325M 6.25% fixed-to-floating rate subordinated notes due 2035.

The notes were priced at par.

Net proceeds, along with cash on hand, are intended to be used to

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