OceanFirst Financial Prices $185 Million Subordinated Notes Offering
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OceanFirst Financial Corporation has priced a public offering of $185 million in 6.375% Fixed-to-Floating Rate Subordinated Notes due 2035. The notes will accrue interest at 6.375% until November 15, 2030, then switch to a floating rate. The offering is expected to close on October 29, 2025, with net proceeds of approximately $181.9 million to be used for debt repayment, growth initiatives, and general corporate purposes.
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