WSFS Financial Corporation Announces Closing of Senior Notes Offering Historically low initial coupon of 2.75% by a Kroll only rated senior debt
December 08, 2020 16:05 ET | Source: WSFS Financial Corporation WSFS Financial Corporation Wilmington, Delaware, UNITED STATES
WILMINGTON, Del., Dec. 08, 2020 (GLOBE NEWSWIRE) WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced that it has closed the public offering of $150 million aggregate principal amount of Fixed-to-Floating Rate Senior Notes due 2030 (the “Notes”), which was priced on December 3, 2020. The initial fixed interest rate of 2.75% is the lowest coupon obtained by a Kroll only rated senior debt issuance.
The Notes will bear interest from and including December 8, 2020 to but excluding December 15, 2025, at a fixed rate of 2.75% per annum, payable semi-annually in arrears. From December 15, 2025 to but excludin