WSFS Financial to price $75 million of fixed-to-floating rate notes

By Lisa Kerner

Charlotte, N.C., June 8 – WSFS Financial Corp. will price $75 million of fixed-to-floating rate senior notes (A-) due 2026, according to an FWP filed with the Securities and Exchange Commission.

The notes are callable after five years at par.

Sandler O’Neill + Partners, LP is the bookrunner.

Co-managers are Keefe, Bruyette & Woods and Boenning & Scattergood, Inc.

Proceeds will be used to finance organic growth and to redeem outstanding debt, as well as for acquisitions and stock repurchases.

WSFS is a Wilmington, Del.-based savings and loan holding company.

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