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Stock impact report

WSFS Financial Corporation Announces Pricing 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 the pricing of its underwritten public offering of $200 million aggregate principal amount of its Fixed-to-Floating Rate Senior Unsecured Notes due 2035 (the “Notes”). The Notes will bear interest from and including December 15, 2025 to but excluding December 15, 2030 at a fixed rate of 5.375% per annum, reflecting a spread of 160 basis points to the 5-year Treasury, payable semi-annually in arrears. From and including December 15, 2030 to, but excluding, December 15, 2035 (unless redeemed prior to such date), the Notes will bear interest at a floating rate per annum equal to the Three-Month Term SOFR, plus 189 basis points, payable quarterly in arrears.The Notes may be redeemed, at the option of WSFS Financial Corporation, beginning on December 15, 2030, and on any scheduled interest payment date thereafter, in whole or in part, at a redemption price equa Show less Read more
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