Item 1.01 Entry into a Material Definitive Agreement

On July 29, 2020, Univest Financial Corporation (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with U.S. Bancorp Investments, Inc., as representative of the underwriters named in Schedule A thereto (the "Underwriters"). Pursuant to the terms of the Underwriting Agreement, the Company agreed to sell, and the Underwriters agreed to purchase, subject to and on the conditions set forth therein, $100,000,000 aggregate principal amount of the Company's 5.000% Fixed-to-Floating Rate Subordinated Notes due 2030 (the "Notes") in a registered public offering pursuant to an effective shelf registration statement on Form S-3 (Registration File No. 333-221508). The description of the Underwriting Agreement contained herein is qualified in its entirety by reference to the Underwriting Agreement, a copy of which is included as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 8.01 Other Events

On July 29, 2020, the Company issued a press release announcing the pricing of its offering of the Notes. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits






Exhibit
  No.                                    Description

 1.1          Underwriting Agreement, dated as of July 29, 2020, by and between
            Univest Financial Corporation and U.S. Bancorp Investments, Inc., as
            representative of the underwriters named therein.

99.1          Press Release dated July 29, 2020

104         The cover page from the Company's Form 8-K, formatted in Inline XBRL.

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