First Busey Corporation (NASDAQ:BUSE) Files An 8-K Entry into a Material Definitive Agreement

First Busey Corporation (NASDAQ:BUSE) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

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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.

(d) 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.


About First Busey Corporation (NASDAQ:BUSE)

First Busey Corporation (First Busey) is a financial holding company. The Company offers a range of financial services through its banking and non-banking subsidiaries at multiple locations in Illinois, Florida, Indiana and Missouri. First Busey has a bank subsidiary, Busey Bank (the Bank). It operates through three segments: Banking, Remittance Processing and Wealth Management. The Banking operating segment provides a range of banking services to individual and corporate customers through its branch network in downstate Illinois, through its branch in Indianapolis, Indiana, and through its branch network in southwest Florida. The Remittance Processing segment provides for online bill payments, lockbox and walk-in payments. The Wealth Management segment provides a range of asset management, investment and fiduciary services to individuals, businesses and foundations, tax preparation, philanthropic advisory services, and farm and brokerage services.

First Busey Corporation (NASDAQ:BUSE) Recent Trading Information

First Busey Corporation (NASDAQ:BUSE) closed its last trading session 00.00 at 29.13 with 175,110 shares trading hands.

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