Webster Financial issues $350M of 5.784% Fixed Rate Reset Subordinated Notes due 2035

WEBSTER FINANCIAL CORP

Issued $350M aggregate principal of 5.784% Fixed Rate Reset Subordinated Notes due 2035.
Initial fixed rate of 5.784% for the first five years (through Sep 11, 2030).
After reset date, rate equals 5-year U.S. Treasury Rate plus 212.5 bps, floored at zero.
Notes mature Sep 11, 2035; interest payable semiannually on Mar 11 and Sep 11 starting Mar 11, 2026.

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