Webster Financial Corporation Announces $350 Million Subordinated Notes Offering at 5.784% Fixed Rate
Webster Financial Corporation has announced the issuance and sale of $350,000,000 in aggregate principal amount of its 5.784% Fixed Rate Reset Subordinated Notes due 2035. The offering, conducted under an underwriting agreement with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC, is part of a registered public offering pursuant to an effective shelf registration statement on Form S-3. The Notes are set to mature on September 11, 2035, with an interest rate of 5.784% per annum until September 11, 2030. Post this date, the rate will adjust to the U.S. Treasury Rate for a five-year maturity, plus 212.5 basis points, but not fall below zero. The notes will be issued under a Subordinated Debt Indenture dated September 11, 2025, and interest payments will be made semiannually beginning March 11, 2026. There is no URL provided for the full prospectus.
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