Provident Financial Services, Inc. Announces Pricing and Upsizing of Subordinated Notes Offering
Provident Financial Services, Inc (PFS)
Last provident financial services, inc earnings: 4/30 08:00 am
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US:NYSE Investor Relations:
providentfinancial.com/investors
Company Research
Source: GlobeNewswire
ISELIN, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”), the holding company for Provident Bank (the “Bank”), today announced the pricing of its offering of $225 million of its 9.00% fixed-to-floating rate subordinated notes due 2034 (the “Notes”) in a registered public offering (the “Offering”). The Notes will initially bear interest at 9.00% per annum, with interest payable semiannually in arrears, commencing on the issue date, to, but excluding, May 15, 2029. Commencing May 15, 2029, the interest rate on the Notes will reset quarterly to a floating rate per annum equal to a benchmark rate that is expected to be Three-Month Term SOFR (which is defined in the Notes) plus 476.5 basis points, with interest payable quarterly in arrears. The Company may redeem the Notes, in whole or in part, on and after May 15, 2029, at a price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon
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PFS
News
- Provident Financial Services, Inc. Completes Merger with Lakeland Bancorp, Inc. [Yahoo! Finance]Yahoo! Finance
- Provident Financial Services, Inc. Completes Merger with Lakeland Bancorp, Inc.GlobeNewswire
- Provident Financial Services, Inc. Announces Completion of Subordinated Notes Offering and Expected Merger Closing Date for the Lakeland Bancorp, Inc. MergerGlobeNewswire
- Provident Financial Services, Inc. Announces Launch of Subordinated Notes Offering [Yahoo! Finance]Yahoo! Finance
- Provident Financial Services, Inc. Announces Launch of Subordinated Notes OfferingGlobeNewswire
PFS
Earnings
- 4/18/24 - Beat
PFS
Sec Filings
- 5/16/24 - Form S-8
- 5/16/24 - Form 8-K
- 5/13/24 - Form 8-K
- PFS's page on the SEC website