debt
confidence high
sentiment neutral
materiality 0.55
WSFS closes $200M 5.375% senior notes due 2035, to repay $150M notes due 2030
WSFS FINANCIAL CORP
- Completed public offering of $200M aggregate principal 5.375% Fixed-to-Floating Rate Senior Unsecured Notes due 2035 on Dec 11, 2025.
- Notes fix at 5.375% to Dec 15, 2030, then float at 3M SOFR + 189bps, maturing Dec 15, 2035.
- Net proceeds will repay $150M of 2.75% Fixed-to-Floating Senior Notes due 2030 and for general corporate purposes.
- Joint book-running managers: Piper Sandler, Keefe Bruyette & Woods, RBC Capital Markets.