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WSFS Financial Corporation Announces Closing of Senior Notes Offering


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 Decemb ....

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Muni analyst Doug Nelson joins Hilltop in Southern California

HilltopSecurities Welcomes Doug Nelson to Fixed Income Capital Markets


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Hilltop Securities Inc. (HilltopSecurities) recently welcomed Doug Nelson to the firm s Fixed Income Capital Markets division as municipal credit analyst in Encino, California.
Doug Nelson (Photo: Business Wire)
Nelson brings 30 years of financial services experience to his new role. He joins HilltopSecurities from Waddell & Reed where he managed investment portfolios and municipal and corporate high yield and investment grade credits for all public finance sectors. He has also served as portfolio manager with Janus Capital Group and vice president, public finance with George K. Baum & Co., among other roles.
HilltopSecurities is excited to welcome Doug, a seasoned professional in the municipal finance industry, said Senior Managing Director, Co-Head of Fixed Income Capital Markets Jason Lisec. His deep understanding of municipal credit and broad experience across all sectors will strengthen our firm s position as a leading municipal investment bank. ....

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