Small font size A Larger text size A Largest text size A

WSFS Financial Closes Offering of Senior Notes due 2035

BY MT Newswires | CORPORATE | 12/11/25 05:08 PM EST

05:08 PM EST, 12/11/2025 (MT Newswires) -- WSFS Financial (WSFS) said late Thursday it closed a public offering of $200 million of 5.375% fixed-to-floating rate senior unsecured notes due 2035.

From Dec. 15, 2030, the rate will reset quarterly at an annual floating rate equal to the three-month term secured overnight financing rate, plus 189 basis points, the company said.

Net proceeds will be used to repay $150 million of the company's outstanding fixed-to-floating rate senior notes due 2030 and for general corporate purposes, according to the company.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

Bank of Japan Set to Hike Rates to 30-Year High, Posing Another Threat to Bitcoin BY Coindesk |ECONOMIC 09:00 AM EST
With Fed independence in crosshairs, will Supreme Court back Trump again? BY Reuters |ECONOMIC 06:01 AM EST
With Fed independence in crosshairs, will Supreme Court back Trump again? BY Reuters |ECONOMIC 06:01 AM EST
JPMorgan's Dimon signals support for Kevin Warsh as Fed chair, FT reports BY Reuters |ECONOMIC 12/12/25 07:47 PM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article