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Stock impact report

F.N.B. Corporation Prices $500 Million Senior Notes Offering [Yahoo! Finance]

F.N.B. Corporation (FNB) 
Last f.n.b. corporation earnings: 4/23 05:59 am Check Earnings Report
Company Research Source: Yahoo! Finance
million aggregate principal amount of its fixed rate / floating rate senior notes due 2030 (the "Notes"). The Notes will bear interest at 5.722% per annum, payable semi-annually in arrears on June 11 and December 11 , of each year, commencing on June 11, 2025 , and ending on December 11, 2029 . Starting on December 11, 2029 , the Notes will bear interest at a floating rate per annum equal to Compounded SOFR plus 1.93%, payable quarterly in arrears on March 11, 2030 June 11, 2030 September 11, 2030 and on the maturity date. The offering is expected to close on December 11, 2024 , subject to customary closing conditions. The Company expects to use the net proceeds from the offering for general corporate purposes, which may include investments at the holding company level, capital to support the growth of the Company's banking subsidiary and refinancing of outstanding indebtedness. Morgan Stanley & Co. LLC, BofA Securities, Inc., and WauBank Securities LLC are serving as joint book-r Show less Read more
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