debt
confidence high
sentiment neutral
materiality 0.50
FNB Corp. issues $500M 5.722% senior notes due 2030
FNB CORP/PA/
- $500M aggregate principal, priced at 100%, net proceeds ~$498.25M after underwriting discount.
- Notes bear 5.722% fixed rate from Dec 11 2024 to Dec 11 2029, then SOFR+1.93% floating rate.
- Maturity December 11, 2030; redeemable at par after Nov 11, 2030, with make-whole call before Dec 11 2029.
- Proceeds for general corporate purposes, including holding company investments and refinancing outstanding debt.