First Busey Corporation (NASDAQ:BUSE) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
On May 18, 2017, First Busey Corporation (the “Company”) entered into an underwriting agreement with U.S. Bancorp Investments, Inc. and Sandler O’Neill & Partners, L.P., as representatives of the several underwriters named therein (the “Underwriting Agreement”), in connection with its public offering of (i) $40,000,000 aggregate principal amount of the Company’s 3.75% Senior Notes due May 25, 2022 and (ii) $60,000,000 aggregate principal amount of the Company’s Fixed to Floating Rate Subordinated Notes due May 25, 2027 (collectively the “Notes”).
The offering of the Notes was made to the Company’s Registration Statement on Form S-3 (File No. 333-199442) (the “Registration Statement”), including a prospectus supplement dated May 18, 2017 to the prospectus contained in the Registration Statement.
The Underwriting Agreement contains customary representations, warranties and agreements by the Company, and customary closing conditions, termination rights and indemnification provisions. The description of the Underwriting Agreement is a summary and is qualified in its entirety by reference to the full text of the Underwriting Agreement, which is attached as Exhibit 1.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
1.1 Underwriting Agreement, dated May 18, 2017, between the Company and U.S. Bancorp Investments, Inc. and Sandler O’Neill & Partners, L.P., as representatives of the several underwriters named therein.