WSFS Financial calls $100 million 4.5% fixed-to-floaters due 2026

By Wendy Van Sickle

Columbus, Ohio, June 15 – WSFS Financial Corp. called $100 million of 4.5% fixed-to-floating rate senior notes due 2026, according to a news release.

The company is paying down the notes using a portion of the proceeds from the December 2020 issuance of $150 million of fixed-to-floating rate senior holding company notes that had an initial coupon of 2.75% for five years and then floats at SOFR plus 248.5 basis points for the final five years.

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

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