debt
confidence high
sentiment neutral
materiality 0.60
First Merchants Corporation to redeem $30M of 4.75% Subordinated Notes due 2029 on March 18, 2025
FIRST MERCHANTS CORP
- First Merchants will redeem $30,000,000 principal amount of its 4.75% Fixed-to-Floating Subordinated Notes due 2029.
- Redemption will occur on March 18, 2025, the next interest payment date, under optional redemption provisions.
- Following redemption, no principal amount will remain outstanding on these subordinated notes.