First Financial Bancorp为3亿美元次级票据发行定价

2025-11-07 16:42

First Financial Bancorp (FFBC) has priced a $300 million public offering of 6.375% Fixed-to-Floating Rate Subordinated Notes due 2035.
The notes will pay a 6.375% fixed interest rate until December 1, 2030, and then switch to a floating rate based on the Three-Month Term SOFR + plus a spread of 300 basis points from, and including, December 1, 2030, payable quarterly.
The debt will qualify as Tier 2 capital for regulatory purposes. First Financial expects net proceeds of about $296 million, which it plans to use for general corporate purposes, including possibly redeeming its existing 5.25% Subordinated Notes due 2030.
The offering is expected to close on November 10, 2025, pending customary conditions.

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