By Aleesia Forni
Virginia Beach, Aug. 20 – First Financial Bancorp priced $120 million of 5.125% 10-year subordinated notes (Kroll: BBB) on Thursday at Treasuries plus 303.4 basis points, according to an FWP filed with the Securities and Exchange Commission.
Pricing was at par to yield 5.125%.
RBC Capital Markets LLC is the bookrunner.
Proceeds will be used for general corporate purposes.
The bank holding company is based in Cincinnati.
| Issuer: | First Financial Bancorp
|
| Amount: | $120 million
|
| Description: | Subordinated notes
|
| Maturity: | Aug. 25, 2025
|
| Bookrunner: | RBC Capital Markets LLC
|
| Coupon: | 5.125%
|
| Price: | Par
|
| Yield: | 5.125%
|
| Spread: | Treasuries plus 303.4 bps
|
| Trade date: | Aug. 20
|
| Settlement date: | Aug. 25
|
| Rating: | Kroll: BBB
|
| Distribution: | SEC registered
|
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