FNB Offers $300M in Senior Notes

PITTSBURGH – F.N.B. Corp. is offering $300 million on its fixed-rate senior notes to raise funds for corporate purposes such as investments at the holding company level, capital to support the bank’s growth and refinancing outstanding debts.

The notes, which will mature Feb. 24, 2023, will bear interest at 2.2% per year. They are payable semiannually in arrears Feb. 24 and Aug. 24 each year. 

The offering is expected to close Feb. 24, subject to customary closing conditions.

Goldman Sachs & Co. and BofA Securities Inc. will serve as joint book-running managers, while Keefe, Bruyette & Woods and Piper Sandler & Co. are co-managers.

F.N.B. Corporation is the parent company of First National Bank of Pennsylvania. The company has assets of nearly $35 billion and 370 banking offices in Pennsylvania, Ohio, Maryland, West Virginia, North Carolina and South Carolina.

Source: F.N.B. Corp.

Published by The Business Journal, Youngstown, Ohio.