First Busey Corporation | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.


Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

Back to transactions
Joint Bookrunner

First Busey Corporation

$60.0 Million 05/18/2017 Depository Complete
Public Companies
Show Tombstone

Transaction Details

Transaction Details:

  • On May 18, 2017, First Busey Corporation announced the pricing of a $40.0 million offering of senior unsecured notes due 2022 and a $60.0 million offering of subordinated notes due 2027
  • The senior unsecured notes have a fixed rate of 3.75% and a stated maturity of May 25, 2022. The notes are non-callable
  • The subordinated notes are 10-year fixed-to-floating; non-callable for 5 years with a stated maturity of May 25, 2027. The subordinated notes have a fixed rate of 4.75% for the first 5 years, and 3-month LIBOR plus 292 basis points thereafter

Issue ratings:

  • Senior Unsecured Notes: BBB+ (Kroll Bond Rating Agency)
  • Subordinated Notes: BBB (Kroll Bond Rating Agency)

Use of Proceeds:

  • The transaction proceeds will be used to finance a portion of the consideration for the First Community Financial Partners, Inc. and Mid Illinois Bancorp, Inc. mergers, to pay related fees and expenses, and to redeem certain of First Community’s outstanding subordinated debentures. Any remaining net proceeds will be used for general corporate purposes

About the company

As of March 31, 2017, First Busey Corporation (NASDAQ: BUSE) was a $5.4 billion financial holding company headquartered in Champaign, Illinois. Busey Bank offers mortgage loan products through numerous loan production offices across the Midwest and wealth management services through Trevett Capital Partners in southwest Florida. In addition, Busey Bank owns a retail payment processing subsidiary, FirsTech, Inc., which processes approximately 28 million transactions per year and has 3,000 agent locations in 36 states. Busey Wealth Management is a wholly-owned subsidiary of First Busey Corporation with $5.5 billion in assets under care as of March 31, 2017. Through Busey Trust Company, Busey Wealth Management provides asset management, investment and fiduciary services to individuals, businesses and foundations.

Sources: Company documents.
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.

    The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Fixed Income Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Fixed Income Desk, or from the Securities and Exchange Commission’s website at at the following link: Additionally, a copy of the Free Writing Prospectus may be obtained from the following link: A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.