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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