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Stock impact report

WSFS Financial Corporation Announces Completion of Senior Unsecured Notes Offering

WSFS Financial Corporation (WSFS) 
Last wsfs financial corporation earnings: 4/27 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.wsfsbank.com/investor-relations
Company Research Source: Business Wire
WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced that it has completed the public offering of $200 million aggregate principal amount of its 5.375% Fixed-to-Floating Rate Senior Unsecured Notes due 2035 (the “Notes”).The Notes will bear interest from and including December 11, 2025, to but excluding, December 15, 2030, at a fixed rate of 5.375% per annum, payable semi-annually in arrears. From December 15, 2030, to but excluding, the maturity date or earlier redemption date, the interest rate will reset quarterly at an annual floating rate equal to a benchmark rate (which is expected to be the Three-Month Term SOFR) plus 189 basis points, payable quarterly in arrears. WSFS intends to use the net proceeds from the offering of the Notes to repay $150 million aggregate principal amount of its outstanding Fixed-to-Floating Rate Senior Unsecured Notes due 2030 and for general corporate purposes.”We are please Show less Read more
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