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Provident Financial completes USD 175 million subordinated notes offering

PUBT·08/24/2026 20:15:00
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Provident Financial completes USD 175 million subordinated notes offering
  • Provident Financial Services closed a USD 175 million offering of 6.50% Fixed-to-Floating Rate Subordinated Notes due 2036.
  • Net proceeds earmarked to repay USD 150 million of 2.875% Fixed-to-Floating Rate Subordinated Notes due 2031.
  • Proceeds also targeted to repay USD 20 million of variable rate Junior Subordinated Notes due 2033, remainder for general corporate purposes.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Provident Financial Services Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001552781-26-000462), on August 24, 2026, and is solely responsible for the information contained therein.