Provident Financial completes USD 175 million subordinated notes offering

PFS•2026-08-24

Provident Financial closes subordinated notes offering

Provident Financial Services closed a USD 175 million offering of 6.50% Fixed-to-Floating Rate Subordinated Notes due 2036.

Net proceeds are earmarked to repay USD 150 million of 2.875% Fixed-to-Floating Rate Subordinated Notes due 2031.

Proceeds are also targeted to repay USD 20 million of variable rate Junior Subordinated Notes due 2033, with the remainder for general corporate purposes.

Sources

Provident Financial completes USD 175 million subordinated notes offering

Sec

Provident Financial completes USD 175 million subordinated notes offering

Provident Financial closes subordinated notes offering

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