Company: SFNC
Filing Date: 2025-09-10
Form Type: 424B5
Source: 0001193125-25-200113
Chunk: 41

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-09-10
Form: 424B5
Chunk 41
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 obligation to make any payment on account of the Notes will be subordinated and junior to our Senior Indebtedness (as defined in the Indenture and described below). The Notes will not be guaranteed by any of our subsidiaries, including Simmons Bank, which is our principal subsidiary. The Notes will be effectively subordinated to our future secured indebtedness to the extent of the value of the collateral securing such indebtedness and structurally subordinated to the existing and future indebtedness of our subsidiaries, including without limitation Simmons Bank’s depositors, liabilities to general creditors and liabilities arising in the ordinary course of business or otherwise, which means that such creditors generally will be paid from those subsidiaries’ assets before holders of the Notes would have any claims to those assets. The Indenture and the Notes do not limit the amount of Senior Indebtedness, secured indebtedness, or other liabilities having priority over, or ranking equally with, the Notes that we or our subsidiaries may hereafter incur. As of June 30, 2025, Simmons’ outstanding indebtedness and other liabilities totaled approximately $23.1 billion, which includes approximately $21.8 billion of deposits and $617.8 million of FHLB advances that rank structurally senior to the Notes, $16.5 million of other long-term debt that ranks senior to the Notes and $366.4 million of outstanding subordinated debt securities that rank equal in right of payment to the Notes. On July 31, 2025, we redeemed $37.0 million of our outstanding Spirit Notes. We intend to use the net proceeds from this offering to repay our outstanding $330 million of the 2028 Notes and for general corporate purposes; however, we may determine not to redeem the 2028 Notes or to redeem only a portion of the 2028 Notes. “Senior Indebtedness” means, without duplication, the principal, premium, if any, unpaid interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to Simmons, whether or not a claim for post-filing interest is allowed in such proceeding), fees, charges, expenses, reimbursement and indemnification obligations, and all other amounts payable under or in respect of the following indebtedness of Simmons, whether any such indebtedness exists as of the date of the Indenture or is created, incurred or assumed after such date:

| • |     | all obligations for borrowed money; |

| • |     | all obligations evidenced by debentures, debt