OCEANFIRST FINANCIAL CORP (OCFC): debt financing — OceanFirst prices $185M of 6.375% subordinated notes due 2035; net proceeds ~$181.9M

OCEANFIRST FINANCIAL CORP

Issued $185M aggregate principal of 6.375% Fixed-to-Floating Rate Subordinated Notes due 2035.
Interest fixed at 6.375% to Nov 15, 2030, then floats at 3-mo SOFR + 307.5 bps.
Net proceeds ~$181.9M; will repay $125M of 5.25% subordinated notes due 2030.
Remaining proceeds to support growth initiatives and general corporate purposes.
Underwriters: Piper Sandler and Keefe, Bruyette & Woods; closing Oct 29, 2025.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

OCEANFIRST FINANCIAL CORP incurred senior notes of $185,000,000 aggregate principal amount with Wilmington Trust, National Association at 6.375% Fixed-to-Floating Rate maturing November 15, 2035.

Instrument: senior notes
Principal: $185,000,000 aggregate principal amount
Counterparty: Wilmington Trust, National Association
Rate: 6.375% Fixed-to-Floating Rate
Maturity: November 15, 2035
Event: incurrence

Exact text from the filing

“Underwriting Agreement”) with Piper Sandler & Co. and Keefe, Bruyette & Woods, Inc. (the “Underwriters”). Pursuant to the Underwriting Agreement, the Company issued and sold $185,000,000 aggregate principal amount of 6.375% Fixed-to-Floating Rate Subordinated Notes due 2035 (the “Notes”) at a public offering price equal to 100% of the aggregate principal amount of

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41 debt financings filed in the last 30 days. Browse all debt financings →

OCEANFIRST FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-25-255537

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