Company: UVSP
Filing Date: 2025-11-06
Form Type: 8-K
Source: 0001193125-25-269732
Chunk: 0

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-11-06
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement  

On November 6, 2025, Univest Financial Corporation (the “ Company”) entered into Subordinated Note Purchase Agreements (collectively, the “ Subordinated Note Purchase Agreements”) with certain qualified institutional buyers and institutional accredited investors (collectively, the “ Subordinated Note Purchasers”) pursuant to which the Company issued $50.0 million in aggregate principal amount of its 6.00% Fixed-to-FloatingRate Subordinated Notes due 2035 (the “ Subordinated Notes”) at a price equal to 100% of the principal amount. The Subordinated Note Purchase Agreements include customary representations, warranties, and covenants. The representations, warranties, and covenants contained in the Subordinated Note Purchase Agreements were made only for purposes of the Subordinated Note Purchase Agreements and as of specific dates, were solely for the benefit of the parties to the Subordinated Note Purchase Agreements, and are not representations of factual information to investors about the Company or its subsidiaries.

The Subordinated Notes were offered and sold by the Company to the Subordinated Note Purchasers in a private placement transaction in reliance on the Section 4(a)(2) exemption from the registration requirements of the Securities Act of 1933, as amended (the “ Securities Act”), and the provisions of Regulation D thereunder. The Company intends to use the proceeds from the offering to redeem its currently outstanding 5.000% Fixed-to-FloatingRate Subordinated Notes due 2030 (which currrently have a rate of 9.15%) and for general corporate purposes.

The Subordinated Notes mature on November 15, 2035 and bear interest at a fixed annual rate of 6.00%, payable semi-annually in arrears, to but excluding November 15, 2030. From and including November 15, 2030 to but excluding the maturity date or early redemption date, the interest rate will reset quarterly to an interest rate per annum initially equal to the then-current three-month Secured Overnight Financing Rate plus 261.5 basis points, payable quarterly in arrears. The Company is entitled to redeem the Subordinated Notes, in whole or in part, any time on or after November 15, 2030 and to redeem the Subordinated Notes at any time in whole upon certain other events. Any redemption of the Subordinated Notes will be subject to prior regulatory approval to the extent required.

On November 6