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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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