secwatch.observer — SEC 8-K summary
======================================

Issuer:     PROVIDENT FINANCIAL SERVICES INC (PFS)
CIK:        0001178970
Form:       8-K
Filed at:   2026-08-24T20:14:34+00:00
Accession:  0001552781-26-000462
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Provident Financial Services completes $175M subordinated notes offering due 2036
--------------------------------------------------------------------------------

- Issued $175M aggregate principal of 6.50% Fixed-to-Floating Rate Subordinated Notes due 2036.
- Fixed rate of 6.50% until Sep 1, 2031, then floating at 3-month SOFR + 239 bps.
- Proceeds to repay $150M 2.875% notes due 2031 and $20M variable-rate junior sub notes due 2033.
- Offering led by Piper Sandler & Co. and Keefe, Bruyette & Woods under Form S-3 shelf registration.
- Notes mature Sep 1, 2036; redeemable at par on/after Sep 1, 2031 at issuer option.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1178970/000155278126000462/0001552781-26-000462-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1178970/000155278126000462/e26361_pfs-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-26-000462

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer